Barrick receives investment Canada clearance for Equinox acquisition
Barrick Gold announced today that it has received confirmation that the Investment Canada Act does not apply to Barrick’s proposed acquisition of all of the issued and outstanding common shares of Equinox Minerals Limited. This confirmation has been obtained in connection with the previously-announced offer by Barrick’s wholly-owned subsidiary, Barrick Canada Inc., to acquire, subject to the terms and conditions of the Offer, all of the Equinox Shares at a price of C$8.15 per Equinox Share.
The Offer is open for acceptance until 5:00 p.m. (Toronto time) on June 1, 2011 (the “Expiry Time”), unless the Offer is extended or withdrawn.
Read the full news release here.