Randgold Resources Ltd (RRS.LN), an African focused gold mining and exploration company, said Monday it sold a further 5 million common shares in Volta Resources Inc (VLTAF) at a price of C$1.50 per common share on Aug. 6.

MAIN FACTS:

-The total proceeds payable to Randgold were C$7.5 million; The cash proceeds received will be used for general corporate purposes.

-After this transaction, Randgold Resources will continue to hold 11 million shares in Volta.

-Shares of Randgold Resources at 1541 GMT down 10 pence or 0.17%, at 5805 pence.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com