Nov 18 (Reuters) - Saracen Mineral Holdings Ltd (SAR) : ENTERED...

Nov 18 (Reuters) - Saracen Mineral Holdings Ltd (SAR) :

• ENTERED BINDING SALE AGREEMENT WITH BARRICK GOLD TO BUY ITS 50% INTEREST IN KALGOORLIE CONSOLIDATED GOLD MINES JV
• INTENDS TO RAISE ABOUT A$796 MILLION VIA UNDERWRITTEN INSTITUTIONAL PLACEMENT & UNDERWRITTEN 1-5.75 NON-RENOUNCEABLE ENTITLEMENT OFFER
• INTENDS TO RAISE ABOUT A$796 MILLION VIA AN UNDERWRITTEN INSTITUTIONAL PLACEMENT
• DEAL FOR US$750 MILLION
• A$796 MILLION EQUITY RAISING TO PARTLY FUND TRANSACTION & BALANCE OF PURCHASE PRICE TO BE FUNDED FROM A$450 MILLION SENIOR SECURED TERM LOAN