Barrick Gold Inc.
TSX : HCX

Barrick Gold Inc.

February 27, 2009 17:05 ET

Barrick Purchases Exchangeable Shares of Barrick Gold Inc.

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2009) - Barrick Gold Inc. (the "Corporation") (TSX:HCX) announces that Barrick Gold Corporation ("Barrick") today acquired all of the outstanding exchangeable shares (the "Exchangeable Shares") of the Corporation not already owned by Barrick or its subsidiaries pursuant to the redemption call right granted to Barrick in the share provisions governing the Exchangeable Shares. The Exchangeable Shares were delisted from the Toronto Stock Exchange at the close of the market today.

As a result of the purchase of the Exchangeable Shares by Barrick, each beneficial holder of Exchangeable Shares, other than Barrick and its subsidiaries, is entitled to receive as of today, 0.53 of a common share of Barrick (a "Barrick Share") per Exchangeable Share (and cash in lieu of a fractional Barrick Share). Registered holders of Exchangeable Shares who have not yet surrendered the certificate(s) representing their Exchangeable Shares must do so to receive the Barrick Shares (and cash in lieu of a fractional Barrick share) to which they are entitled. If you have questions about how to obtain the Barrick shares to which you are entitled, please contact Computershare Investor Services Inc. at 1-800-564-6253 or by e-mail at corporateactions@computershare.com.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

Contact Information

  • INVESTOR CONTACT: Deni Nicoski
    Vice President, Investor Relations
    (416) 307-7410
    Email: dnicoski@barrick.com
    or
    MEDIA CONTACT: Vincent Borg
    Executive Vice President, Corporate Communications
    (416) 307-7477
    Email: vborg@barrick.com