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Barrick Gold Corporation (NYSE: ABX) announced today that the Company's shareholders have voted in favor of Barrick's common share issue as part of the Barrick and Randgold Resources merger. Limited (Nasdaq: GOLD) and the maintenance of Barrick in British Columbia under the Business Corporations Act (British Columbia).
The issuance of Barrick Common Shares pursuant to the merger and the extension were approved by more than 99% of the votes cast at the special meeting of shareholders today.
"Today's day marks a milestone in our journey to bring Barrick back to the future," said Barrick Executive Chairman John L. Thornton. "The combination of Barrick and Randgold will create the investment in irresistible gold. "
The detailed voting results for the resolutions are as follows:
| Votes for | % For | Votes retained | % Hold | ||
| Issuance of BarrickCommon Shares | 683,038,422 | 99.8% | 1169225 | 0.2% | |
| Continuation | 678 593 897 | 99.2% | 5 613 751 | 0.8% | |
The merger is expected to close on January 1, 2019, subject to the approval of the shareholders of Randgold, the Royal Court of Jersey and other customary closing conditions. Barrick intends to proceed with the continuation prior to the closing of the merger, subject to receipt of all necessary consents and approvals.
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