February 12, 2002
Toronto, Ontario –
Kinross Gold Corporation (TSE-K; Amex-KGC)
announced today that it has
completed the previously announced sale of 20,000,000 common shares to a syndicate of underwriters
comprising CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and Canaccord
Capital Corporation. The exercise by the underwriters of the option to purchase an additional 3,000,000
common shares resulted in the aggregate sale of 23,000,000 common shares for gross proceeds of
Cdn. $31,050,000. The net proceeds of this offering will be used for the previously announced
proposed acquisition of $3.75 Series B Convertible Preferred Shares of Kinam Gold Inc. (Amex-KGC.pr.
B) by way of tender offer, if such offer is made, and to the extent the net proceeds are not required for
such purpose, for general corporate purposes.
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 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 that the
offer is fair to the non-affiliated holders of the Kinam Preferred Shares. 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 KINAM PREFERRED SHARES 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 KINAM
PREFERRED SHARES 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 12, 2002
Toronto, Ontario –
Kinross Gold Corporation (TSE-K; Amex-KGC)
announced today that it has
completed the previously announced sale of 20,000,000 common shares to a syndicate of underwriters
comprising CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and Canaccord
Capital Corporation. The exercise by the underwriters of the option to purchase an additional 3,000,000
common shares resulted in the aggregate sale of 23,000,000 common shares for gross proceeds of
Cdn. $31,050,000. The net proceeds of this offering will be used for the previously announced
proposed acquisition of $3.75 Series B Convertible Preferred Shares of Kinam Gold Inc. (Amex-KGC.pr.
B) by way of tender offer, if such offer is made, and to the extent the net proceeds are not required for
such purpose, for general corporate purposes.
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 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 that the
offer is fair to the non-affiliated holders of the Kinam Preferred Shares. 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 KINAM PREFERRED SHARES 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 KINAM
PREFERRED SHARES 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