Kinross Gold urges shareholders reject TRC Capital’s ‘mini-tender’ offer

Kinross Gold (KGC) received notification that TRC Capital has made an unsolicited “mini-tender” offer on April 7 to purchase up to 2.5M common shares of Kinross, or approximately 0.21% of Kinross’ shares outstanding, at a price of C$41.75 per share. Kinross strongly recommends that its shareholders reject this offer and cautions its shareholders that the offer made is approximately 4.4% below the closing price of C$43.68 per Kinross share on the Toronto Stock Exchange on April 6, the day before the offer. Kinross does not endorse TRC’s unsolicited mini-tender offer, and is not affiliated or associated in any way with TRC Capital Investment.