RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
("Randgold Resources" or "Randgold")
RANDGOLD RESOURCES ANNOUNCES DISPOSAL OF 5000000 COMMON SHARES IN
VOLTA RESOURCES INC
London, 23 August 2010 - Randgold Resources Limited sold a further
5million common shares in VoltaResources Inc ("Volta") at a price of
CAD$1.50 per common share on Monday 16 August 2010. The total proceeds
payable to Randgold were CAD$7.5million (US$7.2million). The cash
proceeds received will be used for general corporate purposes.
Randgold acquired 20million common shares in Volta as part of the
consideration received for the sale of the Kiakaproject in
BurkinaFaso, completed on 20 November 2009. Randgold sold 5million
common shares on
12 May 2010 and after this transaction will continue to hold
10.99million shares in Volta.
The management of Randgold has no on-going involvement with the Kiaka
project or Volta and will continue to categorise the remaining Randgold
investment in Volta as available-for-sale financial assets.
Enquiries:
Mark Bristow Graham Shuttleworth Kathy du Plessis
Chief Executive Financial Director Investor & Media Relations
+447880711386 +441534735333 +442075577738
+447797752288 +447796144438 randgoldresources@dpapr.com
Website:www.randgoldresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
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Contact Information: Contacts: RNS Customer Services 0044-207797-4400 http://www.rns.com