Sale of Shares by Barrick Corporation
Further to the announcement of 13 February 2012, Highland Gold has today received confirmation of the completion of Barrick's sale of 66,235,264 ordinary shares in Highland Gold (the "Shares"), representing Barrick's entire holding in the Company and 20.37% of the Company's issued share capital.
The share sale was completed today by way of an accelerated bookbuild with institutional investors and effected at a price of 120p per Share.
The Company welcomes the increase in its free float and looks forward to engaging with its new shareholders.
Dmitry Yakushkin, Head of Communications
Duncan Baxter, Chairman:
+ 7 495 424 95 21
+ 44 (0) 1534 814202
|Numis Securities Limited
Alastair Stratton / Stuart Skinner, Corporate Finance
James Black, Corporate Broking
|+44 20 7260 1000|