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Completes Public Equity Offering
posted on
Feb 05, 2009 03:51AM
February 5, 2009
Kinross Completes Public Equity Offering
Over-allotment option exercised prior to closing; total of 24,035,000 shares issued at US$17.25 per share
Gross proceeds approximately US$414.6 million
TORONTO, ONTARIO--(Marketwire - Feb. 5, 2009) - Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced today that it has completed its previously announced bought deal public offering of common shares of Kinross at a price of US$17.25 per common share. The underwriters, led by UBS Securities Canada Inc., elected to exercise their over-allotment option in full prior to closing today, resulting in a total of 24,035,000 common shares being issued for gross proceeds of US$414,603,750.
The Company intends to use the net proceeds of the offering to enhance its capital position following the funding of recent acquisitions and for general corporate purposes.
