All in my opinion, please do your own DD. This is not investment advice.

I think the question is, and I don't have the answer as I'm not a securities lawyer, whether the purchase of the 15million share PP was predicated and influenced by priveldged information of their pending take over offer.

Where it gets interesting in my opinion is that they went out of their way to say the PP was a completely seperate transaction from the proposed takeover offer. If it was part of the deal and added as a sweetner, I don't think we would have a case BUT it's clear the PP is a seperate deal (see below). Last I checked it was illegal to buy securities with Insider Information. Time to get on the regulators I think... we need the deal deadline pushed to the end of October.

"Private Placement

Kinross has also agreed to purchase 15 million common shares of Aurelian on a private placement basis, at a price of $4.75 per share for total subscription proceeds of approximately $71 million, to assist with the development of FDN and for general corporate purposes. The private placement is not conditional on completion of the offer. The private placement as well as the issuance of the Kinross common shares and warrants pursuant to the offer are subject to TSX approval."

Regards,

Buck