Randgold Resources Sells 5 Million Volta Resources Shares For C$7.95 Million
19 Mai 2010 - 10:41AM
Dow Jones News
Randgold Resources Ld (GOLD), the African focused gold mining
and exploration company, said Wednesday it sold 5 million common
shares in Volta Resources Inc (VTR.T) at C$1.59 per common share on
May 12, raising total proceeds of C$7.95 million.
MAIN FACTS:
-Cash proceeds received will be used for general corporate
purposes.
-Randgold continues to hold 15.99 million common shares in
Volta.
-Management of Randgold has no on-going involvement with the
Kiaka project or Volta and will continue to categorize the
remaining Randgold investment in Volta as available-for-sale
financial assets.
-Randgold shares in London at 0810 GMT down 150 pence, or 2.5%,
at 5900 pence valuing the company at GBP5.32 billion.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296;
ian.walker@dowjones.com
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