Kinross Gold Completes $414.6 Million in Public Offering
February 11th, 2009
Toronto, Ontario — Kinross Gold Corporation (KGC: $17.7899) 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.
According to statements released by Kinross, 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.
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