Fidelity now own 10+% of Kinross...
and since ECO's price is now tied directly to Kinross', this could readily be interpreted as a good sign for ECO.
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Toronto, Ontario, Jun 17, 2002 (Market News Publishing via COMTEX) -- Fidelity Management & Research Company and Fidelity Management Trust Company, of 82 Devonshire Street, Boston, Massachusetts, USA, as well as Fidelity International Limited of 42 Crow Lane, Pembroke, Bermuda (hereinafter referred to as "Fidelity") announce that certain fund accounts for which Fidelity serves as investment adviser have purchased 3,180,400 shares of Kinross Gold Corp.'s outstanding common stock. Fidelity has control but not ownership of those shares. As a result of the purchase, Fidelity holds 36,576,300 shares (or 10.21%) of Kinross Gold Corp.'s outstanding common stock. Fidelity's purchase of Kinross Gold Corp.'s outstanding common stock was executed on the Toronto Stock Exchange.
Fidelity fund and trust account sales and purchases have been made for investment purposes only and not with the purpose of influencing the control or direction of Kinross Gold Corp. The Fidelity funds and trust accounts may, subject to market conditions, make additional investments in or dispositions of securities of Kinross Gold Corp., including additional sales or purchases of shares of common stock. Fidelity does not, however, intend to acquire 20% of any class of the outstanding voting or equity securities of Kinross Gold Corp.
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