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Randgold Resources (RRS)

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Wednesday 19 May, 2010

Randgold Resources

Disposal of common shares in

RNS Number : 1760M
Randgold Resources Ld
19 May 2010
 



RANDGOLD RESOURCES LIMITED

Incorporated in Jersey, Channel Islands

Reg. No. 62686

LSE Trading Symbol: RRS

Nasdaq Trading Symbol: GOLD

("Randgold")

 

 

RANDGOLD RESOURCES ANNOUNCES DISPOSAL OF 5,000,000 COMMON SHARES IN VOLTA RESOURCES INC

 

London, 19 May 2010  -  Randgold Resources sold 5 million common shares in Volta Resources Inc ("Volta") at a price of CAD$1.59 per common share on Wednesday 12 May 2010.  The total proceeds payable to Randgold were CAD$7.95 million (US$7.80 million).  The cash proceeds received will be used for general corporate purposes.

 

Randgold acquired 20 million common shares in Volta as part of the consideration received for the sale of the Kiaka project in Burkina Faso to Volta, completed on 20 November 2009.  Randgold continues to hold 15.99 million common shares in Volta.

 

The management of Randgold has no on-going involvement with the Kiaka project or Volta and will continue to categorise the remaining Randgold investment in Volta as available-for-sale financial assets.

 

 

Randgold Resources Enquiries:

Chief Executive
Dr Mark Bristow
+44 788 071 1386
+44 779 775 2288

Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 779 614 4438

Investor & Media Relations
Kathy du Plessis
 +44 20 7557 7738
Email: randgoldresources@dpapr.com

Website: www.randgoldresources.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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