Barrick Gold calls all Placer Dome 2.75% convertible senior debentures

By Marisa Wong

Madison, Wis., Aug. 27 - Barrick Gold Corp. said it will redeem on Oct. 20 all of its outstanding Placer Dome 2.75% convertible senior debentures due 2023 issued by Placer Dome Inc., totaling $229.17 million.

The debentures will be redeemed at 100.825% of par plus accrued interest up to the redemption date, for a total of $1,008.56 per $1,000.00 principal amount of debentures.

The debentures may be surrendered for conversion at any time prior to 5 p.m. ET on Oct. 19. The conversion rate in effect as of June 1 is 40.8296 common shares of Barrick per $1,000 principal amount of debentures.

Barrick said it intends to use available funds to redeem any and all unconverted debentures.

Barrick is a Toronto-based gold company.

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