Barrick
Gold
Corporation announced today that it has concluded its offer to acquire common
shares of NovaGold Resources Inc. Pursuant to its offer, Barrick has acquired
an
aggregate of approximately 13.6 million common shares of NovaGold, representing
approximately 14.8 percent of the outstanding shares, making Barrick the single
largest shareholder of NovaGold.
“Barrick
will
continue its disciplined approach to acquisitions and other business
opportunities,” said Greg Wilkins, President and Chief Executive
Officer.
Barrick’s
vision is to be the world’s best gold company by finding, acquiring, developing
and producing quality reserves in a safe, profitable and socially responsible
manner.