July 9 (Reuters) - Acacia Mining PLC ACAA.L :
* ACACIA AGREES TO BARRICK'S REQUEST FOR AN EXTENSION OF PUSU DEADLINE
* PUSU EXTENSION IS TO ALLOW BARRICK MORE TIME TO REVIEW CPR AND FACILITATE FURTHER ENGAGEMENT WITH ACACIA ON TERMS OF PROPOSAL
* TO ALLOW BARRICK TO FACILITATE FURTHER ENGAGEMENT WITH CO ON TERMS OF PROPOSAL, BARRICK REQUESTED CO SEEK EXTENSION TO PUSU DEADLINE
* PUSU DEADLINE FOR BARRICK'S OFFER FOR ACACIA EXTENDED TO NOT LATER THAN 5.00PM ON 19 JULY
* SRK CONSULTING'S REVIEW CONCLUDED CO'S PROCESSES USED IN FORMULATING LIFE OF MINE PLAN SCENARIOS, RESOURCE & RESERVE STATEMENTS ARE "ROBUST"
* PREFERRED AND HIGH VALUE SCENARIOS, WHICH SUPPORT CO'S LIFE OF MINE PLANS, IMPLY VALUATION RANGE OF 271-281 PENCE PER ACACIA SHARE
* LOW VALUE SCENARIO, WHICH IS CONSIDERED HIGHLY CONSERVATIVE BY COMPANY, IMPLIES VALUE OF 203 PENCE PER ACACIA SHARE