Canada’s Kinross Gold said the plan to 625,000 units in Edgewater Exploration Ltd. to buy a private placement, for EUR 500,000.
After the private placement to go ahead, Kinross holds 8.9 million shares, representing 12.7 percent of Edgewater’s outstanding shares.
Shares of Toronto-based Kinross, which also has projects in Brazil, Canada, Chile, Ecuador and the United States, closed at C $ 14.94 on Tuesday on the Toronto Stock Exchange.
source:reuters
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