Toronto, Ontario - September 7, 2010 - Kinross
today announced the formation of a soliciting dealer group and
engagement of BMO Capital Markets ("BMO") as soliciting dealer
manager in connection with the special meeting of shareholders of
Kinross to be held on September 15, 2010 to approve the issuance of
Kinross common shares and Kinross common share purchase warrants in
connection with the Red Back transaction.
BMO has agreed to form a soliciting dealer group consisting of
members of the Investment Industry Regulatory Organization of
Canada and The Toronto Stock Exchange. Members of the soliciting
dealer group will be invited to solicit proxies from shareholders
of Kinross in favour of the shareholder resolution. Subject
to certain exceptions, a solicitation fee of CDN $0.10 for each
Kinross common share voted in favour of the shareholder resolution
will be payable where (a) such soliciting dealer's name appears on
a form of proxy or voting instruction form, or (b) if no such name
is contained on such form of proxy or voting instruction form, the
Kinross common share is held in a trading account with such
soliciting dealer.
The fees payable to a soliciting dealer are subject to the
following: (a) the solicitation fee payable in respect of any
single beneficial shareholder shall not be less than CDN $75 or
more than CDN $1,500 per soliciting dealer; and (b) the minimum fee
of CDN $75 shall only be paid in respect of any one beneficial
owner where the number of Kinross common shares owned and so voted
by such beneficial shareholders is greater than or equal to
300. BMO will also be reimbursed by Kinross for all
reasonable costs and expenses incurred by it. No solicitation fees
will be payable if the shareholder resolution is not adopted.
Kinross will bear the costs of the solicitation of proxies.
Kinross has filed and mailed a management information circular
and form of proxy to shareholders in connection with the special
meeting. Copies of the meeting materials may be found on
Kinross' profile on SEDAR at www.sedar.com or on Kinross'
website at www.kinross.com.