Commodities > Gold-and-silver

Barrick bolsters Royal Road

Gold major Barrick Gold (CN:ABX) is continuing its strategy of investing in juniors and has shown more support for Royal Road Minerals (CN:RYR) to take its holding to about 12.5%.

Staff reporter

Commodities > Gold-and-silver

Barrick bolsters Royal Road

Gold major Barrick Gold (CN:ABX) is continuing its strategy of investing in juniors and has shown more support for Royal Road Minerals (CN:RYR) to take its holding to about 12.5%.

Staff reporter

Barrick bolsters Royal Road

Major increases stake in junior’s latest financing plans

Barrick has agreed to buy about 9.9 million shares in the explorer at C16c for $1.58 million (US$1.3 million) and Royal Road is also planning a private placement at the same issue price to take gross proceeds to $5 million (US$4 million).