Kirkland Lake Gold Acquires Shares of Osisko Mining Inc.
Kirkland Lake Gold Ltd. Common Shares (KL)
Last kirkland lake gold ltd. common shares earnings: 2/20 02:09 am
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klgold.com/investors/default.aspx
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Source: GlobeNewswire
TORONTO, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) today announced that it has acquired 14,705,882 common shares (“Shares”) of Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Issuer”) by way of private placement financing at a price of CAD$1.70 per Share for a total cash payment of approximately CAD$25 million (the “Investment”). Prior to the Investment, Kirkland Lake Gold held 17,921,750 Shares, representing approximately 8.58% of the outstanding Shares on a non-diluted basis. As of the date hereof, after giving effect to Investment, the Company beneficially owns 32,627,632 Shares, representing approximately 13.61% of the currently issued and outstanding Shares on a non-diluted basis. All of the securities issued in the private placement financing are subject to a statutory hold period expiring on January 19, 2019. Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “Our strategic investment i
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