Barrick Commences Libel Proceedings Against Blanchard and Co.Business Editors TORONTO--(BUSINESS WIRE)--March 5, 2003 Barrick Gold Corporation (NYSE NYSE See: New York Stock Exchange :ABX) (TSX:ABX) (LSE LSE - Language Sensitive Editor :ABX) (Swiss:ABX) (PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. :ABX) today commenced legal proceedings against Blanchard and Company, Inc. in the Ontario Superior Court of Justice The Superior Court of Justice for Ontario, Canada is the successor to the former Ontario Court of Justice (General Division), and was created on April 19 1999. Its predecessor, the Ontario Court (General Division) was the result of the 1990 merger and discontinuance of the previous . The proceedings pertain to a series of false and defamatory statements that Blanchard and its CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Donald W. Doyle, Jr., have published since mid-December 2002 concerning Barrick. On January 29, 2003, Barrick served a formal Libel Notice which is the first step in the commencement of legal proceedings of this nature in Canada. Barrick seeks damages in the amount of $100 million, aggravated, exemplary and punitive damages in the amount of $100 million, a permanent injunction restraining the Defendants from repeating, disseminating, publishing or causing to be re-published the defamatory statements complained of, and a mandatory injunction requiring the Defendants to remove or cause to be removed all of their defamatory statements from websites or other locations on the Internet. "We value highly our reputation for carrying on business carrying on business n. pursuing a particular occupation on a continuous and substantial basis. There need not be a physical or visible business "entity" as such. in a proper, ethical and lawful manner and will not tolerate the dissemination of false statements that are harmful to our reputation, business interests and stakeholders - by Blanchard, Doyle or others," said Greg Wilkins, President and Chief Executive Officer of Barrick. Barrick is one of the world's leading gold producers traded under the ticker symbol ABX on the Toronto, New York, London and Swiss stock exchanges and the Paris Bourse. |
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