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
Contact Information: Contacts: RNS Customer Services 0044-207797-4400 http://www.rns.com