KINROSS GOLD CORPORATION (TSE-K, NYSE-KGC) announced today that Nesbitt Burns Inc., Midland Walwyn Capital Inc., Scotia McLeod Inc., CIBC Wood Gundy Inc., First Marathon Securities Limited, Richardson Greenshields of Canada Limited and Goepel Shields and
Toronto, Ontario - KINROSS GOLD CORPORATION (TSE-K, NYSE-KGC) announced today that Nesbitt Burns Inc., Midland Walwyn Capital Inc., Scotia McLeod Inc., CIBC Wood Gundy Inc., First Marathon Securities Limited, Richardson Greenshields of Canada Limited and Goepel Shields and Partners have agreed to acquire 7,000,000 common shares of Kinross at $12.00 per share, for aggregate proceeds of $84 million.
The purchase of the common shares is subject to the execution of a definitive underwriting agreement. Kinross has agreed to file a short form preliminary prospectus with the securities regulators of Canada within 48 hours and a final short form prospectus within 10 business days thereafter.
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