Barrick Ceases to Be an Insider of Cascadia Minerals
06 September 2023 - 1:55PM
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX)
(“
Barrick”) announced today that following the
August 24, 2023 closing of a private placement of units (the
“
Private Placement”) by Cascadia Minerals Ltd.
(“
Cascadia”), Barrick’s 2,788,696 common shares of
Cascadia represent approximately 7.6% of Cascadia’s outstanding
common shares. Barrick did not acquire any securities in the
Private Placement and, as a result of the Private Placement,
Barrick has ceased to be an insider of Cascadia pursuant to
Canadian securities laws.
Barrick is holding its Cascadia common shares
for investment purposes. Depending on market conditions and other
factors, including Cascadia’s business and financial condition,
Barrick may acquire additional common shares or other securities of
Cascadia or dispose of some or all of the common shares or other
securities of Cascadia that it owns at such time.
An early warning report will be filed by Barrick
in accordance with applicable securities laws. To obtain a copy of
the early warning report, please contact Kathy du Plessis, whose
contact details are included below.
Barrick is a senior gold mining company
organized under the laws of the Province of British Columbia.
Barrick’s corporate office is located at Brookfield Place, TD
Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212,
Toronto, Ontario M5J 2S1. Cascadia’s head office is located at
Suite 1500 - 409 Granville Street Vancouver, British Columbia V6C
1T2.
Investor and media relationsKathy du Plessis+44
20 7557 7738Email: barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking
Information
Certain information contained in this press
release, including any information relating to the ownership by
Barrick of common shares of Cascadia constitutes “forward-looking
statements”. All statements, other than statements of historical
fact, are forward-looking statements. The words “expect”, “will”,
“potential”, “may” and similar expressions identify forward-looking
statements. In particular, this press release contains
forward-looking statements including, without limitation, with
respect to Barrick’s potential acquisition or disposition of
securities of Cascadia in the future. 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 that forward-looking statements are not guarantees of
future performance. All of the forward-looking statements made in
this press release are qualified by these cautionary statements.
Specific reference is made to the most recent Form 40-F/Annual
Information Form on file with the SEC and Canadian provincial
securities regulatory authorities for a more detailed discussion of
some of the factors underlying forward-looking statements and the
risks that may affect the forward-looking statements contained in
this press release.
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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