via Marketwire.com - Kirkland Lake Sells Royalty To Franco-Nevada

The company is seriously backed into a corner while the stock does not trade and has all of the governance problems of a closely held corporation, which is as plain as disfiguring acne.

So the company will react by doing the same as other closely held corporations, and perhaps resort to some sort of a dividend recapitalization. Kirkland Lake entered into a usurious royalty regime with Franco Nevada, which is no different than if the province of Saskatchewan slapped a massive royalty on GBN.H.

The reason why I provide this example is because of the corporate brinkmanship going on at Kirkland Lake.

http://www.marketwired.com/press-release/kirkland-lake-gold-enters-into-royalty-transaction-with-franco-nevada-tsx-kgi-1845649.htm

-F6