Kinross sells Pinecrest Resources shares
09 June 2020 - 11:00PM
Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced
that yesterday it sold its 10,925,000 shares (“Shares”) in
Pinecrest Resources Ltd. (“Pinecrest”) at a price of CAD$0.36 per
share for expected gross proceeds of approximately CAD$3.9 million.
The Shares were disposed through private sales
with various purchasers and represented approximately 17% of the
issued and outstanding shares in Pinecrest. The disposition was
made for investment purposes, and following the disposition,
Kinross no longer holds any shares of Pinecrest.
Kinross will file an early warning report under
Pinecrest’s profile on SEDAR at www.sedar.com.
About Kinross Gold
Corporation
Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil,
Russia, Mauritania, Chile and Ghana. Kinross’ focus is on
delivering value based on the core principles of operational
excellence, balance sheet strength, disciplined growth and
responsible mining. Kinross maintains listings on the Toronto Stock
Exchange (symbol:K) and the New York Stock Exchange
(symbol:KGC).
Media Contact Louie DiazSenior Director,
Corporate Communicationsphone: 416-369-6469
louie.diaz@kinross.com
Investor Relations ContactTom
Elliott
Senior Vice-President, Investor Relations and Corporate
Development
phone:
416-365-3390
tom.elliott@kinross.com
Cautionary statement on forward-looking
information
All statements, other than statements of
historical fact in this news release constitute "forward-looking
information" or "forward-looking statements" within the meaning of
certain securities laws, including the provisions of the Securities
Act (Ontario) and the provisions for "safe harbor" under the United
States Private Securities Litigation Reform Act of 1995 and are
based on expectations, estimates and projections as of the date of
this news release. Forward-looking statements are necessarily based
upon a number of assumptions that, while considered reasonable by
Kinross as of the date of such statements, are inherently subject
to significant uncertainties and contingencies. These uncertainties
and contingencies can affect, and could cause, Kinross' actual
results to differ materially from those expressed or implied in any
forward looking statements made by, or on behalf of, Kinross. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Source: Kinross Gold Corporation
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