RNS Number : 5020R
Randgold Resources Ld
23 August 2010
The following amendment has been made to the 'Disposal of 5m common shares in Volta Resources' announcement released on 23 August 2010 at 16.38 under RNS No 4968R.
The date given for the sale of the shares should have read 16 August 2010 and not 6 August 2010 as stated.
All other details remain unchanged.
The full amended text is shown below.
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
("Randgold Resources" or "Randgold")
RANDGOLD RESOURCES ANNOUNCES DISPOSAL OF 5 000 000 COMMON SHARES IN VOLTA RESOURCES INC
London, 23 August 2010 - Randgold Resources Limited sold a further 5 million common shares in Volta Resources Inc ("Volta") at a price of CAD$1.50 per common share on Monday 16 August 2010. The total proceeds payable to Randgold were CAD$7.5 million (US$7.2 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, completed on 20 November 2009. Randgold sold 5 million common shares on
12 May 2010 and after this transaction will continue to hold 10.99 million 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.
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