Back to GOLD
RANDGOLD SIGNS AGREEMENT TO SELL INTEREST IN KIAKA

JERSEY, CHANNEL ISLANDS -- (Marketwire) -- 10/19/09 --


RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD



RANDGOLD RESOURCES SIGNS DEFINITIVE AGREEMENT TO SELL INTEREST IN
KIAKA GOLD PROJECT


London, 19 October 2009  -  Randgold Resources Limited has signed a
definitive agreement with Volta Resources Inc ("Volta")(TSX: VTR) to
sell its entire interest in the Kiaka gold project in Burkina Faso to
Volta for an aggregate cash consideration of CANUSD4 million
and an aggregate share consideration of 20 million common shares in
Volta, to be paid and issued over a period of 24 months.


The Toronto-based and TSX-listed Volta is a mineral exploration company
with a strong focus on gold properties in West Africa, where it has
active programmes in Burkina Faso, Ghana and Mali.


The transaction will be conditional upon the approval of Volta
shareholders, receipt of third party consents and regulatory approvals,
including the approval of the Toronto Stock Exchange, which are
expected to be received in the first half of November.


RANDGOLD RESOURCES ENQUIRIES

Chief Executive                Financial Director
Dr Mark Bristow                Graham Shuttleworth
+44 788 071 1386               +44 1534 735 333
+44 779 775 2288               +44 779 614 4438


Financial Adviser to           Investor & Media Relations
Randgold
ARBUTHNOT SECURITIES           Kathy du Plessis
John Prior / Ed Gay            +44 20 7557 7738
+44 20 7012 2100               randgoldresources@dpapr.com


Website:  www.randgoldresources.com



DISCLAIMER: Statements made in this document with respect to Randgold
Resources' current plans, estimates, strategies and beliefs and other
statements that are not historical facts are forward-looking statements
about the future performance of Randgold Resources. These statements
are based on management's assumptions and beliefs in light of the
information currently available to it. Randgold Resources cautions you
that a number of important risks and uncertainties could cause actual
results to differ materially from those discussed in the
forward-looking statements, and therefore you should not place undue
reliance on them. The potential risks and uncertainties include, among
others, risks associated with: fluctuations in the market price of
gold, gold production at Morila and Loulo, the development of Loulo and
Tongon and estimates of resources, reserves and mine life. For a
discussion on such risk factors refer to the annual report on Form 20-F
for the year ended 31 December 2008 which was filed with the United
States Securities and Exchange Commission (the 'SEC') on 15 May 2009
and other filings made with the SEC. Randgold Resources sees no
obligation to update information in this release.  Cautionary note
to US investors: the 'SEC' permits companies, in their filings with
the'SEC', to disclose only proven and probable ore reserves. We use
certain terms in this release, such as "resources", that the 'SEC' does
not recognise and strictly prohibits us from including in our filings
with the 'SEC'. Investors are cautioned not to assume that all or any
parts of our resources will ever be converted into reserves which
qualify as 'proven and probable reserves' for the purposes of the SEC's
Industry Guide number 7.  Randgold Resources does not undertake to
update any forward-looking statements herein, except in accordance with
applicable securities laws.

                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

Back to GOLD
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki