LONDON--(Marketwire - August 5, 2009) -
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
("Randgold")
Not for release, publication or distribution, in whole or in part in, into
or from any jurisdiction where to do so would constitute a violation of the
relevant laws of such jurisdiction.
Randgold Resources Limited (
LSE:
RRS) (
NASDAQ:
GOLD) ("Randgold") and Moto
Goldmines Limited ("Moto" or the "Company") (
TSX:
MGL) (
AIM:
MOE) today
announced that the offer from Randgold, which was announced on 27 July
2009, has been accepted by Moto and that they have entered into an
arrangement agreement (the "Arrangement Agreement") providing for the
exchange of each outstanding common share of Moto for the equivalent of
C$4.84 per share (as at 4 August 2009) on the basis of each Moto common
share being exchanged for 0.07061 of a Randgold ordinary share or American
Depositary Share ("ADS") of Randgold (the "Randgold Transaction").
Immediately prior to accepting the Randgold Transaction, Moto terminated
the existing arrangement agreement with Red Back Mining Inc. ("Red Back")
in accordance with its terms and initiated payment to Red Back of the
agreed termination fee of C$15,250,000. The voting agreements of the Moto
directors and officers regarding the Red Back transaction have also been
terminated.
Moto has also cancelled the meeting of Moto shareholders and optionholders
that was scheduled for 4:00 pm (Vancouver, British Columbia time) on 5
August 2009. Moto will advise of the new date for a meeting of Moto
shareholders and optionholders to consider the Randgold Transaction once
that date is set.
Click on, or paste the following link into your web browser, to view the
associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/9546W_1-2009-8-5.pdf
Contact Information: For further information, please contact:
Randgold Resources Limited
Dr Mark Bristow
Chief Executive
Tel: +44 788 071 1386 or Tel: +44 779 775 2288
Kathy du Plessis
Investor & Media Relations
Tel: +44 20 7557 7738
email:
Moto Goldmines Limited
Andrew Dinning
President and Chief Operating Officer
Tel: +61 8 9273 4222
email:
Mark Arnesen
Financial Director and Chief Financial Officer
Tel: +61 8 9273 4222
email:
RFC Corporate Finance Ltd (Nominated Advisor to Moto for the purposes of
AIM)
Steve Allen
Tel: +61 8 9480 2508
email:
GMP Securities Europe LLP (AIM Broker to Moto)
James Cassley
Tel: +44 20 7647 2803
email:
Randgold Resources Limited website: www.randgoldresources.com
Moto Goldmines Limited website: www.motogoldmines.com