| Canadian gold miner Kirkland Lake to buy St Andrew Goldfields | |
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Nov 16 (Reuters) - Kirkland Lake Gold Inc has agreed to purchase fellow Canadian gold miner St Andrew Goldfields Ltd to create a multi-asset, Ontario-focused mid-sized gold producer, the two companies said on Monday. Under the all-share deal, St Andrew shareholders will receive 0.09 of a Kirkland share for each share of St Andrew stock they own - a ratio the companies said was a 25 percent premium to St Andrew's closing share price on Monday. The ratio implies a total equity value of around C$178 million ($133.54 million). ($1 = 1.3329 Canadian dollars) (Reporting by Nicole Mordant in Vancouver)
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Kirkland Lake Gold Inc.
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PRODUCER |
CODE : KGI.TO |
ISIN : CA49740P1062 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kirkland Lake Gold is a gold producing company based in Canada. Kirkland Lake Gold holds various exploration projects in Canada. Its main assets in production are MACASSA MINE, MACASSA, KIRKLAND MINERALS MINE, KIRKLAND LAKE PROJECTS, SOUTH MINE COMPLEX, TECK HUGUES, LAKE SHORE and WRIGHT HARGREAVES in Canada. Kirkland Lake Gold is listed in Canada and in United Kingdom. Its market capitalisation is CA$ 1.4 billions as of today (US$ 1.0 billions, € 910.6 millions). Its stock quote reached its lowest recent point on October 22, 1999 at CA$ 0.03, and its highest recent level on September 14, 2016 at CA$ 11.58. Kirkland Lake Gold has 116 815 952 shares outstanding. |