Barrick Gold Corp
Change company Symbol lookup
Select an option...
GOLD Barrick Gold Corp
NFLX Netflix Inc
CDTX Cidara Therapeutics Inc
XBTAX BlackRock Long Term Municipal Advantage Trust
PBYA Probility Media Corp
RA Brookfield Real Assets Income Fund Inc.
PAA Plains All American Pipeline LP
GOOGL Alphabet Inc

Materials : Metals & Mining | Large Cap Growth
Based in Canada
Company profile

Barrick Gold Corp is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company's segments include Barrick Nevada, Golden Sunlight, Hemlo, Jabal Sayid, Lagunas Norte, Lumwana, Porgera, Pueblo Viejo, Turquoise Ridge, Veladero and Zaldvar. Pueblo Viejo, Lagunas Norte, Veladero and Turquoise Ridge are its individual gold mines. The Company, through its subsidiary Acacia, owns gold mines and exploration properties in Africa. Its Porgera is a gold mine. Zaldivar and Lumwana are copper mines. The Pascua-Lama project is located on the border between Chile and Argentina. The Company owns a number of producing gold mines, which are located in Canada, the United States, Peru, Argentina, Australia and the Dominican Republic.

Closing Price
Day's Change
-0.54 (-2.01%)
B/A Size
Day's High
Day's Low
(Below Average)

10-day average volume:

Nabors Announces Results of Special Meeting of Shareholders and 1-for-50 Reverse Stock Split of its Common Shares

5:15 pm ET April 20, 2020 (PR Newswire) Print

Nabors Industries Ltd. (NYSE: NBR) ("Nabors") announced today that all proposals presented at its special meeting held on Monday, April 20, 2020 were approved, including: (i) an amendment to Nabors' share capital to effect a reverse stock split of its common shares at a ratio not less than 1-for-15 and not greater than 1-for-50, with the exact ratio to be set within that range at the sole discretion of Nabors' Board of Directors before the effective date of the reverse stock split without further approval or authorization of Nabors' shareholders, together with a corresponding proportional reduction in the number of authorized common shares and a proportional increase in the par value for such authorized common shares (ii) an increase in Nabors' authorized common share capital by 100% following the proportional reduction in the number of authorized common shares as a result of the reverse stock split and (iii) an amendment to Nabors' Bye-Laws in respect of its share capital.

In addition, Nabors announced today that its Board of Directors has approved a reverse stock split ratio of its common shares of 1-for-50 that will be effective as of 5:00 p.m. Eastern Time on April 22, 2020. Nabors' common shares will begin trading on the New York Stock Exchange on a split-adjusted basis when the market opens on April 23, 2020. The new CUSIP number for Nabors' common shares following the reverse stock split will be G6359F 137.

The reverse stock split will result in 50 pre-split common shares automatically combining into one new common share, without any action on the part of the shareholders. Nabors' authorized number of common shares will also be proportionally decreased from 800,000,000 to 16,000,000 common shares and the par value of each common share will be proportionally increased from $0.001 to $0.05. In addition, Nabors' authorized common share capital will increase by 100% following the proportional reduction in the number of authorized common shares as a result of the reverse stock split. No fractional common shares will be issued as a result of the reverse stock split. Any fractional common shares of registered holders resulting from the reverse stock split will be rounded up to the nearest whole share.

The reverse stock split will not impact any shareholder's percentage ownership of Nabors or voting power, except for minimal effects resulting from the treatment of resultant fractional shares of beneficial holders.

Nabors' transfer agent, Computershare, is acting as the exchange agent for the reverse stock split.

The information above includes forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934, as amended. Such forward-looking statements are subject to certain risks and uncertainties, as disclosed by Nabors from time to time in its filings with the SEC. As a result of these factors, Nabors' actual results may differ materially from those indicated or implied by such forward-looking statements. Nabors does not undertake to update these forward-looking statements.

About Nabors Industries

Nabors (NYSE: NBR) owns and operates one of the world's largest land-based drilling rig fleets and provides offshore platform rigs in the United States and numerous international markets. Nabors also provides directional drilling services, performance tools, and innovative technologies for its own rig fleet and those of third parties. Leveraging our advanced drilling automation capabilities, Nabors highly skilled workforce continues to set new standards for operational excellence and transform our industry.

Media Contacts:

For further information regarding Nabors, please contact Dennis A. Smith, Senior Vice President of Corporate Development & Investor Relations, +1 281-775-8038 or William C. Conroy, Vice President of Corporate Development & Investor Relations, +1 281-775-2423. To request investor materials, contact Nabors' corporate headquarters in Hamilton, Bermuda at +1 441-292-1510 or via e-mail

View original content:

SOURCE Nabors Industries Ltd.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.