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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (3012)1/29/2003 9:29:08 AM
From: 4figureau  Read Replies (1) of 5423
 
Kinross Gold shareholders approve $1.9 billion merger with TVX, Echo Bay


Canadian Press

Tuesday, January 28, 2003



TORONTO (CP) - One down, two to go.

Kinross Gold Corp. said Tuesday its shareholders approved a $1.9-billion, three-way merger with Echo Bay Mines and TVX Gold Inc. that would create the world's seventh-largest gold producer. TVX and Echo Bay stockholders get to vote Friday, after which Ontario Superior Court approval would be required.

On Tuesday, shareholders also approved the election of four more members to the board of directors and a three-for-one share consolidation.

On the Toronto stock market Tuesday, Kinross shares (TSX:K) fell 12 cents to $3.78 in midday trading.

canada.com
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