Toronto, Ontario - Kinross Gold Corporation ( TSE-K; NYSE-KGC) announced today that it has agreed to purchase 7,846,500 common shares of Greystar Resources Ltd. from four private shareholders
Toronto, Ontario
Toronto, Ontario - Kinross Gold Corporation ( TSE-K; NYSE-KGC) announced today that it has agreed to purchase 7,846,500 common shares of Greystar Resources Ltd. from four private shareholders in exchange for 1,426,636 common shares of Kinross Gold Corporation. As a result of this transaction Kinross will hold 9,400,000 common shares or 19.9% of the issued and outstanding common shares of Greystar Resources Ltd. Greystar is an exploration company listed on the Vancouver Stock Exchange which has as its principal asset a property in Colombia which has the potential to host a large bulk mineable gold deposit.
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