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4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Highland Gold Mining Ltd    HGM   GB0032360173

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Highland Gold Mining: Barrick Sells 66.2 Million Shares/120P Via Bookbuild

04/26/2012 | 06:50am US/Eastern

Highland Gold Mining Ltd. (>> Highland Gold Mining Ltd), a Russia and Central Asia focused gold producer, said Thursday that Barrick Gold Corporation (ABX.T) completed a sale of 66.2 million shares in Highland Gold at 120 pence per share via an accelerated bookbuild with institutional investors.

MAIN FACTS:

-Sale represents Barrick's entire 20.37% holding

-Shares at 1030 GMT down 8 pence, or 5.9%, at 124 pence valuing the company at GBP402 million.

-By Ed Ballard, Dow Jones Newswires; 44-20-7842-9375; ed.ballard@dowjones.com

Stocks mentioned in the article : Highland Gold Mining Ltd
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