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Barrick buys large stake in British Columbian copper, gold explorer
Global gold miner Barrick Mining Corporation has subscribed for 15.4-million units priced at C$1.35 apiece of Canadian copper and gold explorer Kingfisher Metals Corporation in a private placement for a total consideration of C$20.8-million, for investment purposes. Each unit comprises one common share and one-half of a common share purchase warrant - where each whole warrant entitles the holder to acquire one Kingfisher common share at a price of C$1.70 apiece. Upon closing of the private placement, Barrick will hold about 9.9% of the outstanding capital of Kingfisher on a non-diluted basis and 14.1% on a ... (full story)
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