Sale of Shares of Perpetua Resources Corp.
June 07 2022 - 7:00AM
Barrick Gold Corporation (“Barrick”) (NYSE:GOLD)(TSX:ABX) announced
today that it has disposed of 5,382,587 common shares (“Shares”) of
Perpetua Resources Corp. (“Perpetua Resources”) through the
facilities of the Nasdaq, Cboe, Direct Edge and NYSE-ARCA (the
“Disposition”). The Disposition resulted in gross cash proceeds in
the aggregate amount of C$21,729,504 (C$4.04 per common share).
Immediately prior to the Disposition, Barrick
had beneficial ownership of, or control and direction over,
5,382,587 Shares, representing approximately 8.5% of the issued and
outstanding Shares. Following the Disposition, Barrick does not
have beneficial ownership of, or control or direction over, any
Shares.
Barrick effected the Disposition for investment
portfolio management purposes. Depending on market conditions and
other factors, including Perpetua Resources’ business and financial
condition, Barrick may in future acquire securities of Perpetua
Resources or dispose of some or all of the securities of Perpetua
Resources that it may own at any such time.
A copy of the early warning report to be filed
by Barrick in connection with the Disposition will be available on
Perpetua Resources’ profile on SEDAR at www.sedar.com. A copy may
also be obtained by contacting Kathy du Plessis at the phone number
below. The corporate office of Barrick is Brookfield Place, TD
Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212
Toronto, Ontario, M5J 2S1. Perpetua Resources’ head office is
located at Suite 201 – 405 S. 8th Street, Boise, Idaho 83702.
Enquiries
Investor and Media RelationsKathy du Plessis+44
20 7557 7738Email: barrick@dpapr.comWebsite:
www.barrick.com
Cautionary Statement on
Forward-Looking Information
Certain information contained in this press
release, including any information relating to Barrick’s investment
in Perpetua Resources, constitutes “forward-looking statements”.
All statements, other than statements of historical fact, are
forward-looking statements. The words “may” and “will” and similar
expressions identify forward-looking statements. In particular,
this press release contains forward-looking statements including,
without limitation, with respect to the potential for Barrick to
acquire securities of Perpetua Resources in future or to dispose of
some or all of such securities that Barrick owns at any time.
Forward-looking statements are necessarily based upon a number of
assumptions, including material assumptions considered reasonable
by Barrick as at the date of this press release in light of
management’s experience and perception of current conditions and
expected developments, and are inherently subject to significant
business, economic, and competitive uncertainties and
contingencies.
Many of these uncertainties and contingencies
can affect our actual results and could cause actual results to
differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, us. Readers
are cautioned not to put undue reliance on forward-looking
statements which are not guarantees of future events, and speak
only as of the date made. Specific reference is made to the most
recent Form 40-F/Annual Information Form on file with the SEC and
Canadian securities regulatory authorities for a more detailed
discussion of some of the factors underlying forward-looking
statements, and the risks that may affect Barrick’s ability to
achieve the expectations set forth in the forward-looking
statements contained in this press release. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements. Barrick disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by applicable law.
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