Kinross closes new transactions

A group consisting of Nesbitt Burns, Midland Walwyn Capital, Scotia-McLeod, CIBC Wood Gundy, First Marathon Securities, Richardson Greenshields of Canada and Goepel Shields and partners has acquired 7 million common shares of Kinross Gold at $12 per share. Proceeds amount to $84 million.

Also, Kinross has acquired more than 4 million shares of Mirage Resources (TSE) for almost 700,000 Kinross shares and more than 64,000 shares of Welcome Opportunities (VSE) for more than 656,000 shares of Oracle Minerals (VSE).

As a result, Kinross now holds a 47.4% interest in Mirage and a 46% interest in Welcome.