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Barrick Gold Corporation completed a US$27.9 million subscription for shares and warrants of Celtic Resources Holdings plc, a London Stock Exchange AIM-listed company with mining interests in Russia and Kazakhstan. The deal also included a pre-emptive right to subscribe for up to US$75 million of additional Celtic shares, an option to acquire an indirect 51% interest in the Nezhdaninskoye deposit in Russia from Celtic for a purchase price of US$195 million and the right to participate on a 50-50 basis in future mineral projects in Kazakhstan acquired by Celtic.

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2005