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Barrick invests in Reunion

South American-focused explorer Reunion Gold Corp (CN:RGD) has welcomed a C$9.12 million (US$7.2 million) strategic investment in the company by gold mining major Barrick Gold Corp (CN:ABX).

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Barrick to take 15% stake in Reunion Gold

Reunion said Barrick had agreed to buy 48 million shares at C19c - a 2c/share premium on Reunion's 52-week high of 17c reached mid-year - which will give the major a 15% stake on a non-diluted basis.