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Message: September 8th Is Another Big Day - Warrants Start Trading

September 8th Is Another Big Day - Warrants Start Trading

posted on Sep 04, 2008 01:41PM

Aurelian Crew, we should also keep an eye on September 8th for the following reason:

Kinross expects that Kinross common share purchase warrants issued pursuant to the offer will be listed for trading on the Toronto Stock Exchange under the symbol "K.WT.C" on or about September 8, 2008.

As part of the offer, Kinross attributed a value of .92 to the warrants. Many here, rightfully so, have argued they are virtually worthless given the fact Kinross is trading at $15.00 and the strike price is $32.00.

Trading of the Warrants between Septemeber 8th and September 15th will provide a very valuable answer to this component of the Kinross bid.

Regards,
George

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