KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC) announced today that the terms of the previously announced business combination with La Teko Resources Ltd.
Toronto, Ontario
Toronto, Ontario - KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC) announced today that the terms of the previously announced business combination with La Teko Resources Ltd. have been amended. Under the revised terms, shareholders of La Teko will receive one Kinross share for each 2.25 La Teko shares. As part of the negotiations, Kinross received a commitment from shareholders holding approximately 16% of the outstanding La Teko shares, to vote in favour of the business combination. The special meeting of La Teko shareholders is expected to be held in February. The proposed merger is subject to the approval of the board of directors of Kinross. Kinross is a producer of precious metals with mines and property interests located in the U.S.A., Canada, Chile, Russia and Zimbabwe.
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