LAORF La Teko to be bought by Silverado Mines Message Board

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Gold/Mining/Energy : LAORF La Teko to be bought by Silverado Mines

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To: Stan Greene who wrote (24)	10/9/1998 6:56:00 PM
From: Stan Greene	of 25

From lateko.com The shares are doing quite well today on this news. LA TEKO AND KINROSS GOLD CORPORATION ANNOUNCE PROPOSED BUSINESS COMBINATION Vancouver, B.C., October 8, 1998: La Teko Resources Ltd. ("La Teko") and Kinross Gold Corporation ("Kinross") are pleased to announce that they have agreed to enter into a business combination whereby shareholders of La Teko are to receive one Kinross share for each 2.65 La Teko shares they hold. The proposed merger is subject to La Teko shareholder approval, the approval of the Board of Directors of Kinross, the execution of a definitive agreement and regulatory approval. An information circular, including a fairness opinion and income tax consequences, will be prepared and forwarded to La Teko shareholders prior to the La Teko shareholder meeting. Kinross is a producer of precious metals incorporated under the laws of the Province of Ontario and headquartered in Toronto, Canada. Kinross has mines and property interests located in the U.S., Canada, Chile, Russia and Zimbabwe. The common shares of Kinross are listed on The Toronto Stock Exchange (symbol K) and the New York Stock Exchange (symbol KGC). On behalf of the Board of Directors "Gerald G. Carlson" Gerald G. Carlson, Ph.D., P.Eng. President & CEO The Vancouver Stock Exchange neither approves nor disapproves of the information contained herein. www.lateko.com

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