February 4, 2002
Toronto, Ontario -
Kinross Gold Corporation (“Kinross”; TSE-K; Amex-KGC)
announced today
that it has informed
Kinam Gold Inc. (“Kinam”; Amex-KGC.pr.B)
that it is considering a cash
tender offer of $16.00 per share for the 894,600 shares of Kinam's $3.75 Series B Convertible
Preferred Shares not already owned by Kinross. Kinross currently owns all of the common shares of
Kinam and 945,400 of the 1,840,000 issued and outstanding Kinam preferred shares. Commencement
of the formal tender offer is subject to a number of conditions, including the completion of a financing
by Kinross announced on January 22, 2002, which Kinross anticipates will be completed by February
12, 2002, and a determination by the Board of Directors of both Kinross and Kinam that the offer is fair
to the non-affiliated holders of the preferred shares. There can be no assurance that these conditions
will be met or that the tender offer will be made by Kinross. The formal offer, if made, will be subject
to such terms and conditions as may be set forth in the tender offer documents.
This press release includes certain “Forward-Looking Statements” within the meaning of section 21E of
the United States Securities Exchange Act of 1934, as amended. Such statements involve various risks
and uncertainties, including the successful completion of the financing; changes in the price of gold;
the absence of material changes in general economic conditions; and the final determinations of the
Boards of both Kinross and Kinam. The occurrence of any one or more of these risks could cause actual
results and future events to differ materially from those anticipated in the forward-looking statements.
KINROSS HAS NOT MADE A FINAL DETERMINATION TO PROCEED WITH THE TENDER OFFER.
SECURITIES OFFERED IN THE KINROSS FINANCING HAVE NOT AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED AND MAY NOT BE SOLD IN THE UNITED
STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS. HOLDERS OF THE $3.75 SERIES B PREFERRED STOCK ARE ADVISED TO READ THE
TENDER OFFER STATEMENT IF AND WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION. IF A TENDER OFFER IS COMMENCED BY KINROSS, INVESTORS WILL BE
ABLE TO OBTAIN COPIES OF THE TENDER OFFER STATEMENT AND OTHER FILED DOCUMENTS FOR
FREE AT THE SECURITIES AND EXCHANGE COMMISSION’S WEBSITE AT
www.sec.gov.
HOLDERS OF
$3.75 SERIES B PREFERRED STOCK WILL ALSO BE ABLE TO OBTAIN THE TENDER OFFER STATEMENT,
LETTER OF TRANSMITTAL, AND OTHER OFFERING DOCUMENTS FOR FREE FROM KINROSS AT THE
SCOTIA PLAZA, 52nd FLOOR, 40 KING STREET WEST, TORONTO, ONTARIO M5H 3Y2 CANADA, ATTN:
SHELLEY RILEY, TELEPHONE NUMBER (416) 365-5198.
-30-
Robert M. Buchan,
Chairman and Chief Executive Officer
Tel. (416) 365-5650
Gordon A. McCreary,
Vice-President, Investor Relations and Corporate
Development
Tel. (416) 365-5132
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February 4, 2002
Toronto, Ontario -
Kinross Gold Corporation (“Kinross”; TSE-K; Amex-KGC)
announced today
that it has informed
Kinam Gold Inc. (“Kinam”; Amex-KGC.pr.B)
that it is considering a cash
tender offer of $16.00 per share for the 894,600 shares of Kinam's $3.75 Series B Convertible
Preferred Shares not already owned by Kinross. Kinross currently owns all of the common shares of
Kinam and 945,400 of the 1,840,000 issued and outstanding Kinam preferred shares. Commencement
of the formal tender offer is subject to a number of conditions, including the completion of a financing
by Kinross announced on January 22, 2002, which Kinross anticipates will be completed by February
12, 2002, and a determination by the Board of Directors of both Kinross and Kinam that the offer is fair
to the non-affiliated holders of the preferred shares. There can be no assurance that these conditions
will be met or that the tender offer will be made by Kinross. The formal offer, if made, will be subject
to such terms and conditions as may be set forth in the tender offer documents.
This press release includes certain “Forward-Looking Statements” within the meaning of section 21E of
the United States Securities Exchange Act of 1934, as amended. Such statements involve various risks
and uncertainties, including the successful completion of the financing; changes in the price of gold;
the absence of material changes in general economic conditions; and the final determinations of the
Boards of both Kinross and Kinam. The occurrence of any one or more of these risks could cause actual
results and future events to differ materially from those anticipated in the forward-looking statements.
KINROSS HAS NOT MADE A FINAL DETERMINATION TO PROCEED WITH THE TENDER OFFER.
SECURITIES OFFERED IN THE KINROSS FINANCING HAVE NOT AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED AND MAY NOT BE SOLD IN THE UNITED
STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS. HOLDERS OF THE $3.75 SERIES B PREFERRED STOCK ARE ADVISED TO READ THE
TENDER OFFER STATEMENT IF AND WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION. IF A TENDER OFFER IS COMMENCED BY KINROSS, INVESTORS WILL BE
ABLE TO OBTAIN COPIES OF THE TENDER OFFER STATEMENT AND OTHER FILED DOCUMENTS FOR
FREE AT THE SECURITIES AND EXCHANGE COMMISSION’S WEBSITE AT
www.sec.gov.
HOLDERS OF
$3.75 SERIES B PREFERRED STOCK WILL ALSO BE ABLE TO OBTAIN THE TENDER OFFER STATEMENT,
LETTER OF TRANSMITTAL, AND OTHER OFFERING DOCUMENTS FOR FREE FROM KINROSS AT THE
SCOTIA PLAZA, 52nd FLOOR, 40 KING STREET WEST, TORONTO, ONTARIO M5H 3Y2 CANADA, ATTN:
SHELLEY RILEY, TELEPHONE NUMBER (416) 365-5198.
-30-
Robert M. Buchan,
Chairman and Chief Executive Officer
Tel. (416) 365-5650
Gordon A. McCreary,
Vice-President, Investor Relations and Corporate
Development
Tel. (416) 365-5132
Home
•
Corporate
•
Operations
•
Investors
•
News
•
Contact
•
Search
•
Index