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MAIN FACTS:
-Randgold, together with AngloGold, had previously completed the acquisition of Moto Goldmines Ltd, a gold exploration and development company which has a 70% interest in Moto Gold Project.
-Moto Gold Project is being developed by Kibali Goldmines sprl, a joint venture company which owns 100% of the Moto Gold Project and in which OKIMO, a Congolese para-statal entity, currently holds a 30% stake.
-Acquisition will be effected through the purchase from OKIMO of 20% of the issued share capital of Kibali Goldmines which will be held through Kibali (Jersey) Limited, company that is jointly owned by Randgold and AngloGold and the same vehicle which holds Randgold and AngloGold's joint venture interest in Moto.
-Consideration payable is to be funded equally by Randgold and AngloGold, with Randgold funding its share of the consideration from existing cash resources.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
(END) Dow Jones Newswires
11-02-09 0217ET
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