A public offering worth $113 million is planned by American Barrick Resources (TSE). The offering of four million common shares was announced on a “bought basis” at $28.25 per share.
The shares will be offered for sale in Canada and Europe. A preliminary prospectus should be released shortly. Six companies are involved in the underwriting.
Barrick said it will use the proceeds for further development of its Goldstrike mine in Nevada, repayment of long-term debt and potential acquisitions.
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