RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
("Randgold")
RANDGOLD RESOURCES ANNOUNCES DISPOSAL OF 5,000,000 COMMON SHARES IN
VOLTA RESOURCES INC
London, 19 May 2010 - Randgold Resources sold 5 million common shares
in Volta Resources Inc ("Volta") at a price of CAD$1.59 per common
share on Wednesday 12 May 2010. The total proceeds payable to Randgold
were CAD$7.95 million (US$7.80 million). The cash proceeds received
will be used for general corporate purposes.
Randgold acquired 20 million common shares in Volta as part of the
consideration received for the sale of the Kiaka project in Burkina
Faso to Volta, completed on 20 November 2009. Randgold continues to
hold 15.99 million common shares in Volta.
The management of Randgold has no on-going involvement with the Kiaka
project or Volta and will continue to categorise the remaining Randgold
investment in Volta as available-for-sale financial assets.
Randgold Resources Enquiries:
Chief Executive Financial Director Investor & Media Relations
Dr Mark Bristow Graham Shuttleworth Kathy du Plessis
+44 788 071 1386 +44 1534 735 333 +44 20 7557 7738
+44 779 775 2288 +44 779 614 4438 Email: randgoldresources@dpapr.com
Website: www.randgoldresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
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Contact Information: Contacts: RNS Customer Services 0044-207797-4400 http://www.rns.com