Barrick Gold has announced that the company’s shareholders have voted to approve the issuance of Barrick common shares in connection with the merger of Barrick and Randgold Resources and the continuance of Barrick to the Province of British Columbia under the Business Corporations Act (British Columbia).
The issuance of Barrick common shares in connection with the Merger, and the continuance, were each approved by more than 99 per cent of the votes cast at the special meeting of shareholders.
“Today marks an important step in our journey of taking Barrick ‘back to the future’,” said Barrick Executive Chairman John L. Thornton. “The combination of Barrick and Randgold will create the compelling gold investment.”
The Merger is expected to be completed on January 1, 2019, subject to approval by Randgold shareholders, approval by the Royal Court of Jersey, and other customary closing conditions.