RANDGOLD RESOURCES LD ORD 0.05
RANDGOLD RESOURCES LD ORD 0.05
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Type: Stocks
Ticker: RRS
ISIN: GB00B01C3S32

Court Approves Randgold-Barrick Merger

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JERSEY, CHANNEL ISLANDS / ACCESSWIRE / December 17, 2018 / The Royal Court of Jersey today sanctioned the scheme of arrangement which will give effect to the merger of Randgold Resources and Barrick Gold.

Trading in Randgold shares on the London Stock Exchange and NASDAQ will be halted on 31 December 2018 and the combined group's shares will start trading on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) on 2 January 2019 under the Barrick name.Randgold's NASDAQ trading ticker "GOLD" will be transferred to Barrick on the NYSE, however Barrick will continue to trade on the TSX under its existing "ABX" ticker.

Mark Bristow, Randgold's chief executive - and designated president and CEO of Barrick - said the court's approval was the last major milestone on the journey towards the creation of a new breed of gold company.

"Barrick will be the world's biggest gold miner but our focus will be on making it the industry's most valued company.By finding, developing and operating the best assets, with the best people, we'll deliver sustainable returns to our owners and partners," he said.

RANDGOLD ENQUIRIES:

Chief Executive
Mark Bristow
+44 788 071 1386

FinancialDirector
Graham Shuttleworth
+44 779 771 1338

Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]

Website:www.randgoldresources.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKINGSTATEMENTS: Except for the historical information contained herein, the mattersdiscussed in this news release are forward-looking statements within themeaning of Section 27A of the US Securities Act of 1933 and Section 21E of theUS Securities Exchange Act of 1934, and applicable Canadian securitieslegislation.Forward-looking statements include, but are not limited to,statements with respect to the future price of gold, the estimation of mineralreserves and resources, the realisation of mineral reserve estimates, thetiming and amount of estimated future production, costs of production, reservedetermination and reserve conversion rates, as well as statements relating tothe expected effects of the proposed transaction (the "Merger") ofRandgold Resources Limited ('Randgold') with Barrick Gold Corporation("Barrick"), and the timing and scope of the Merger.Generally,these forward-looking statements can be identified by the use of forward-lookingterminology such as 'will', 'plans', 'expects' or 'does not expect', 'isexpected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends','anticipates' or 'does not anticipate', or 'believes', or variations of suchwords and phrases or state that certain actions, events or results 'may','could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Assumptions upon which such forward-looking statements are based are in turnbased on factors and events that are not within the control of Randgold ResourcesLimited ('Randgold') and there is no assurance they will prove to becorrect.Forward-looking statements are subject to known and unknownrisks, uncertainties and other factors that may cause the actual results, levelof activity, performance or achievements of Randgold to be materially differentfrom those expressed or implied by such forward-looking statements, includingbut not limited to: risks related to mining operations, includingpolitical risks and instability and risks related to international operations,actual results of current exploration activities, conclusions of economicevaluations, changes in project parameters as plans continue to be refined, theability to consummate the Merger, the ability to obtain requisite court andshareholder approvals and the satisfaction of other conditions on the proposedterms and schedule, receipt of regulatory approvals, the ability of Barrick andRandgold to successfully integrate their respective operations and retain keyemployees, the potential impact of the consummation of the Merger onrelationships, including with employees, suppliers, customers and competitors,future market conditions, changes in general economic, business and politicalconditions, the behaviour of other market participants, the anticipatedbenefits from the proposed transaction not being realised as a result ofchanges in general economic and market conditions in the countries in whichBarrick and Randgold operate, weak, volatile or illiquid capital and/or creditmarkets, changes in tax rates, interest rate and currency value fluctuations,the degree of competition in the geographic and business areas in which Barrickand Randgold operate and changes in laws or in supervisory expectations orrequirements, as well as those factors discussed in Randgold's filings with theUS Securities and Exchange Commission (the 'SEC').Although Randgold hasattempted to identify important factors that could cause actual results todiffer materially from those contained in forward-looking statements, there maybe other factors that cause results not to be as anticipated, estimated orintended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materially fromthose anticipated in such statements.Accordingly, readers should notplace undue reliance on forward-looking statements.Randgold does notundertake to update any forward-looking statements herein, except in accordancewith applicable securities laws.CAUTIONARY NOTE TO US INVESTORS: The SECpermits companies, in their filings with the SEC, to disclose only proven andprobable ore reserves.We use certain terms in this report, such as'resources', that the SEC does not recognise and strictly prohibits us fromincluding in our filings with the SEC.Investors are cautioned not toassume that all or any parts of our resources will ever be converted intoreserves which qualify as 'proven and probable reserves' for the purposes ofthe SEC's Industry Guide number 7.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD

SOURCE: Randgold Resources Ld

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