NEWS BRIEF: Barrick makes deal with Royal Minerals
Barrick Gold Corp. has entered into a subscription agreement to acquire 9,875,876 ordinary shares of Royal Road Minerals Limited in a non-brokered private placement at a price of 16 cents per share for total consideration of $1,580,140.
The transaction is expected to close on or about Feb. 9. Royal Road is headquartered in Saint Helier, Jersey, located on the Channel Islands in the English Channel.
The 2018 Summit Award was given for the company’s work on the construction of the Bently Heritage Estate Distillery in Minden.