Dec 10 (Reuters) - Barrick Gold Corp ABX.TO :
* PRESS RELEASE - BARRICK REACHES AGREEMENT TO SELL 90% INTEREST IN THE MASSAWA PROJECT FOR UP TO $430 MILLION
* BARRICK GOLD CORP - BARRICK WILL RECEIVE 92.5% OF TOTAL PURCHASE PRICE FOR ITS INTEREST IN MASSAWA PROJECT
* BARRICK GOLD CORP - CONSIDERATION CONSISTS OF AN UP-FRONT PAYMENT OF $380 MILLION
* BARRICK GOLD CORP - BARRICK WILL HAVE RIGHT TO NOMINATE ONE TERANGA DIRECTOR FOR AS LONG AS IT RETAINS AT LEAST A 10% EQUITY INTEREST IN TERANGA
* BARRICK GOLD CORP - CO WILL BE ENTITLED TO CUSTOMARY ANTI-DILUTION AND PIGGYBACK REGISTRATION RIGHTS
* BARRICK GOLD CORP - PROVIDING $25 MILLION OF $225 MILLION SYNDICATED DEBT FINANCING SECURED BY TERANGA IN CONNECTION WITH DEAL
* BARRICK GOLD CORP - BARRICK IS ACQUIRING TERANGA SHARES FOR INVESTMENT PURPOSES
* BARRICK GOLD - CO, SENEGALESE JV PARTNER HAVE REACHED AGREEMENT TO SELL THEIR AGGREGATE 90% INTEREST IN MASSAWA PROJECT IN SENEGAL TO TERANGA GOLD
* BARRICK GOLD - ON PRO FORMA BASIS, CO WILL HOLD ABOUT 11.45% OF TERANGA'S ISSUED & OUTSTANDING SHARES ON DEAL CLOSING
* BARRICK GOLD CORP - CONSIDERATION COMPRISES OF 20.7 MILLION TERANGA SHARES WITH VALUE OF $3.85 PER SHARE