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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: vds4 who wrote (7358)	3/25/2002 9:15:02 AM
From: Al Collard	Read Replies (2) \| Respond to of 11802

K-t...in the news: NP/Bloomberg say Kinross advances amid deal rumours Mon 25 Mar 2002 Also Echo Bay Mines Ltd (ECO) Also TVX Gold Inc (2) (TVX) The National Post reports in its Saturday, March 23, edition that Kinross Gold rose 7.7 per cent of 14 Canadian cents to $1.97 (Canadian) on Friday on the Toronto Stock Exchange amid rumours the firm will acquire or merge with two rivals, TVX Gold and Echo Bay Mines. A Bloomberg News dispatch to the Post reports that Kinross has agreed to take an 11-per-cent stake in Echo Bay in exchange for $25.9-million (U.S.) of debt and unpaid interest that is was owed by the company as of Dec. 31. Unnamed investors say TVX, with $61.9-million (U.S.) in cash and short-term investments, could be a good fit with a combined Kinross and Echo Bay. Strathy Investment Management analyst Philip Strathy says, "The rumour on those three is out there." Bloomberg reports that Strathy Investment runs $300-million (Canadian) for private clients and holds Kinross shares. Mr. Strathy says, "Judging by the action in both stock today, the rumour appears to be well received."