Kinross Gold Corporation (TSE-K; NYSE-KGC). Cyprus Amax Minerals Company announced today the completion of the sale of its 89,030,373 shares (29.7% interest) of Kinross Gold…
Toronto, Ontario
Toronto, Ontario - Kinross Gold Corporation (TSE-K; NYSE-KGC). Cyprus Amax Minerals Company announced today the completion of the sale of its 89,030,373 shares (29.7% interest) of Kinross Gold Corporation to a syndicate of underwriters including Merrill Lynch & Co., CIBC World Markets Corp. and TD Securities (USA) Inc. Coincident with this sale, four Cyprus nominees to the Kinross board of directors are retiring from the Kinross board. Bob Buchan, Chairman and CEO of Kinross Gold Corporation would like to thank Milt Ward, Gerry Malys, Dick Block and Jim Todd for their valuable contributions to the Kinross board since June, 1998 and wish them every success in their future endeavours. Prospective investors may obtain a copy of the prospectus pursuant to which the shares are being offered from Merrill Lynch & Co., CIBC World Markets Corp. or TD Securities (USA) Inc.
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