Kinross to buy Aurelian in C$1.2 billion friendly deal

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Kinross to buy Aurelian in C$1.2 billion friendly deal

posted on Jul 24, 2008 06:27AM

Aurelian traded at 2.23 Jan 22 2008

Kinross to buy Aurelian in C$1.2 billion friendly deal

TORONTO (Reuters) - Kinross Gold Corp said on Thursday it planned to buy Aurelian Resources Inc in a friendly deal worth C$1.2 billion ($1.19 billion), giving the Canadian mid-tier gold miner ownership of the Fruta del Norte discovery in south-eastern Ecuador. Kinross said it would offer Aurelian shareholders 0.317 of a Kinross common share, plus 0.1429 of a warrant, valuing it at C$8.20 per Aurelian common share. This is a 63 percent premium over the 20-day volume-weighted average price of Aurelian common shares.