40 King Street West, 52 Floor
Toronto, ON M5H 3Y2
Tel: 416 365 5123
Fax: 416 363 6622
Toll Free: 866-561-3636
nd
PRESS RELEASE
Kinross Announces Special Meeting of Shareholders to Approve
Consolidation / Deconsolidation of its Common Shares
October 8, 2004…Toronto, Ontario – Kinross Gold Corporation (TSX-K; NYSE-KGC) (“Kinross”)
will hold a special meeting of its shareholders to approve an amendment to its articles to effect a
consolidation (reverse split) of its common shares on a 100:1 basis and the immediate deconsolidation
(split) of such shares on a 1:100 basis. If approved, the consolidation is scheduled to take place on
Sunday, November 28, 2004 and the deconsolidation will follow on Monday, November 29, 2004 at
12:01 am. As a result, shareholders holding less than 100 pre-consolidation shares will receive a cash
payment equal to the weighted average trading price per share on the Toronto Stock Exchange for the
five trading days prior to November 26, 2004. Shareholders holding 100 or more pre-consolidation
shares will not be affected by the consolidation / deconsolidation other than to be asked to tender their
old share certificates for a new share certificate bearing the new CUSIP number.
The Company decided to undertake this program to reduce the large number of shareholders who hold
less than 100 shares, representing approximately 41% of the total registered and beneficial holders or
0.52% of the total outstanding common shares, which mainly resulted from previous business
combinations. The effect of this proposal is to provide these shareholders with cash representing the
value of their holdings without cost or commission and to eliminate the high costs being incurred by the
Company to maintain these shareholdings.
The meeting will take place on Friday, November 26, 2004 at 10:00 am and will be held at the Design
Exchange, 234 Bay Street, Toronto, ON in the Patty Watt Room. Shareholders will receive information
by mail in the coming weeks outlining the details of the consolidation / deconsolidation and any
necessary steps that they may be required to take.
For additional information, e-mail
info@kinross.com
or contact:
Christopher T. Hill
Vice President
Investor Relations
Tel. (416) 365-7254
Tracey M. Thom
Manager
Investor Relations
Tel. (416) 365-1362
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40 King Street West, 52 Floor
Toronto, ON M5H 3Y2
Tel: 416 365 5123
Fax: 416 363 6622
Toll Free: 866-561-3636
nd
PRESS RELEASE
Kinross Announces Special Meeting of Shareholders to Approve
Consolidation / Deconsolidation of its Common Shares
October 8, 2004…Toronto, Ontario – Kinross Gold Corporation (TSX-K; NYSE-KGC) (“Kinross”)
will hold a special meeting of its shareholders to approve an amendment to its articles to effect a
consolidation (reverse split) of its common shares on a 100:1 basis and the immediate deconsolidation
(split) of such shares on a 1:100 basis. If approved, the consolidation is scheduled to take place on
Sunday, November 28, 2004 and the deconsolidation will follow on Monday, November 29, 2004 at
12:01 am. As a result, shareholders holding less than 100 pre-consolidation shares will receive a cash
payment equal to the weighted average trading price per share on the Toronto Stock Exchange for the
five trading days prior to November 26, 2004. Shareholders holding 100 or more pre-consolidation
shares will not be affected by the consolidation / deconsolidation other than to be asked to tender their
old share certificates for a new share certificate bearing the new CUSIP number.
The Company decided to undertake this program to reduce the large number of shareholders who hold
less than 100 shares, representing approximately 41% of the total registered and beneficial holders or
0.52% of the total outstanding common shares, which mainly resulted from previous business
combinations. The effect of this proposal is to provide these shareholders with cash representing the
value of their holdings without cost or commission and to eliminate the high costs being incurred by the
Company to maintain these shareholdings.
The meeting will take place on Friday, November 26, 2004 at 10:00 am and will be held at the Design
Exchange, 234 Bay Street, Toronto, ON in the Patty Watt Room. Shareholders will receive information
by mail in the coming weeks outlining the details of the consolidation / deconsolidation and any
necessary steps that they may be required to take.
For additional information, e-mail
info@kinross.com
or contact:
Christopher T. Hill
Vice President
Investor Relations
Tel. (416) 365-7254
Tracey M. Thom
Manager
Investor Relations
Tel. (416) 365-1362