Barrick Gold Corporation has Acquired 2,200,000 Common Shares of Java Gold.TORONTO--(BUSINESS WIRE)--Jan. 7, 1998--(CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :JVAG.) Java Gold Corporation ("Java Gold") announced today that Barrick Gold Barrick Gold Corporation TSX: ABX NYSE: ABX is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units (RBU's) located in Australia, Africa, North America and South America. Corporation ("Barrick") has acquired 2,200,000 common shares of Java Gold for an aggregate purchase price of Canadian $1,100,000 or $0.50 per share by private placement. Java Gold and Barrick have agreed that 80 percent of the placement of $1,100,000 will be used by Java Gold for exploration of properties in Mongolia. In addition, Barrick has acquired certain rights of first refusal and option rights with respect to properties of Java Gold in Mongolia. Armand Beaudoin President & 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. CONTACT: Java Gold Corporation Investor Relations Investor relations The process by which the corporation communicates with its investors. , 416/ 947-9216 or 1-800-396-5188 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion