Shearman
&
Sterling
is
representing
Barrick
Gold
Corporation
in
connection
with
its
$4
billion
equity
offering,
the
proceeds
of
which
will
be
used
to
close
out
fixed
and
floating-price
gold
contracts
to
increase
Barrick’s
leverage
to
the
price
of
gold.
The
offering
is
expected
to
close
on
or
about
September
23,
2009.
Barrick
has
interests
in
27
operating
mines
on
four
continents.
Its
annual
gold
production
and
gold
reserves
are
the
largest
in
the
industry.
Shearman
&
Sterling's
team
includes
partners
Christopher
Cummings
(Toronto-Capital
Markets),
Laurence
Crouch
(Menlo
Park-Tax)
and
Douglas
McFadyen
(New
York-Tax);
counsel
Stephen
Centa
(Toronto-Capital
Markets)
and
Jeffrey
Salinger
(New
York-Property/Environmental);
and
associates
Anil
Kalia
(Menlo
Park-Tax),
Seth
Kerschner
(New
York-Property/Environmental)
and
Christian
Kurtz
(Toronto-Capital
Markets).
