BRIEF-Northern Star Resources to buy Barrick's 51% in the East Kundana JV

Thu, 23 Jan - 8:43am

Jan 23 (Reuters) - Northern Star Resources Ltd NST.AX :

* The East Kundana JV and Kanowna Belle acquisition NST.AX

* Says agrees to buy Barrick's 51% in the East Kundana JV and 100% of the Kanowna Belle mine for $75 million

* Says transaction will be funded by a combination of cash reserves, debt facility and a fully underwritten $100MLN equity raising

* Says entered into a $50 million revolving loan facility with investec bank group

* Says will launch placement to raise approximately $100 million on January 23

* Source text for Eikon News Search ID:nASX5bSSVG

* ((For more news, please click here NST.AX ))

((Bangalore Newsroom; +91 80 6749 1130))

URN: 
urn:newsml:reuters.com:20140122:nWNBS00AGJ:8
Topics: 
MET AU CMPNY CA PREC MINE ASIA BLR DEAL1 DBT LEN RTRS BACT MIN GDM BMAT MTAL AMERS

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