May 21 (Reuters) - Barrick Gold Corp ABX.TO :
* UPDATE CONCERNING ACACIA MINING PLC (“ACACIA”)
* PROPOSAL IMPLIES A VALUE FOR ACACIA OF $787 MILLION AND TOTAL CONSIDERATION TO MINORITY SHAREHOLDERS OF ACACIA OF $285 MILLION
* BARRICK GOLD- CO PRESENTED PROPOSAL TO ACQUIRE SHARES IN ACACIA THROUGH SHARE FOR SHARE EXCHANGE OF 0.153 BARRICK SHARES FOR EACH ORDINARY SHARE OF ACACIA
* PROPOSAL ASSUMES THAT NO FURTHER DIVIDENDS WILL BE PAID BY ACACIA FOLLOWING DATE OF PROPOSAL