RE: Another Big Hype..Arequipa Resources..VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 16, 1996--AREQUIPA RESOURCES LTD (TSE: AQP) The Board of Directors of Arequipa Resources Ltd. is pleased to announce that Arequipa has signed an agreement with Barrick Gold Corporation for an increased offer by Barrick to acquire all of the issued common shares of Arequipa.
Under Barrick's revised offer, Arequipa shareholders can elect to receive either $30 in cash or 0.79 of a Barrick common share plus $0.50 cash for each Arequipa share held, subject to an overall maximum of 14.4 million Barrick common shares being issued. ...