Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten
The company whose shareholders were better than its management
Message: Very confused ???????
Question: now owned by K !!! what does it mean FF?, also i didn't know that kinross pays a dividend. I read from your posting and than i read from the official site of Kinross. That is why i am confused .
Please can any one en-light me thanks
What is the current status of Kinross’ position with respect to this bid?
As outlined in Kinross’ press release of September 16, 2008, Kinross now owns 90.7% of the outstanding common shares of Aurelian. Excluding the 15 million shares that Kinross acquired prior to the offer, Kinross owns 89.7% of the Aurelian shares. To proceed with a compulsory acquisition of the remaining Aurelian shares (as opposed to alternative forms of available going private transactions), the offer must have been accepted by not less than 90% of the outstanding shares of Aurelian, excluding for such purpose the 15 million shares that Kinross acquired prior to the offer. 1 For further information, please refer to Kinross’ Mineral Reserve and Resource Statement at December 31, 2007, as released February 21, 2008, which can be found on our website at www.kinross.com.
September 17, 2008 Page 2
Kinross has extended its offer to enable those shareholders who have not yet tendered their shares a final opportunity to deposit their Aurelian shares to the offer. Given that 89.7% of the Aurelian shares have been tendered to the offer and are now owned by Kinross, the Company is confident that it will acquire the relatively small number of additional shares it needs to reach the 90% threshold for compulsory acquisition by the time the bid extension expires on September 29, 2008. Following this final extension, Kinross expects to acquire all of the remaining shares by way of compulsory acquisition. In the unlikely event that the 90% threshold was not reached, Kinross would expect to proceed instead to acquire the balance of the outstanding shares by way of a subsequent acquisition transaction, and to arrange for Aurelian to cause a special meeting of shareholders to be held for such purpose.
regards oiramoric
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