Kinross Gold acquires 19.9% of Relevant Gold Corp's shares for $4,623,000.

From “GlobeNewswire”: 2025-02-28 17:00:39

Kinross Gold Corporation has agreed to acquire 15,410,000 common shares of Relevant Gold Corp. for $4,623,000 in a private placement, bringing their ownership to approximately 19.9% of Relevant Gold’s outstanding shares. The transaction is part of a strategic investment by Kinross in Relevant Gold, with plans to potentially buy or sell securities in the future based on market conditions. The deal is expected to close in March 2025, subject to customary conditions. Kinross has filed an early warning report regarding the investment, available on Relevant Gold’s SEDAR+ profile or through contacting Kinross directly.

Kinross Gold Corporation, a global senior gold mining company, operates in the US, Brazil, Mauritania, Chile, and Canada, focusing on responsible mining practices and operational excellence. The company’s stock is listed on the Toronto Stock Exchange and the New York Stock Exchange. Kinross emphasizes disciplined growth and balance sheet strength in its operations. Any forward-looking statements made by the company are subject to uncertainties and contingencies, with no guarantee of accuracy. Kinross maintains its commitment to updating or revising forward-looking statements as necessary.



Read more at “GlobeNewswire”: Kinross announces ownership of shares of Relevant Gold