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To: Claude Cormier who wrote (125241)7/25/2008 8:41:02 AM
From: Condor  Read Replies (1) | Respond to of 313662
 
ARU just got diluted 15 mil shares for nothing
Maybe not.
They can pay K now to take a hike and K's reward is the 15 mil shares for $ 0

Re: the K stock price drop.
Maybe a major shorted K to try and blow out a shareholder approval vote by ARU.

Questions.

Crisis = opportunity



To: Claude Cormier who wrote (125241)7/25/2008 8:53:53 AM
From: Condor  Respond to of 313662
 
Globe says Kinross sinks its teeth deep into Aurelian

Kinross Gold Corp (2) (C:K)
Shares Issued 615,115,214
Last Close 7/24/2008 $18.70
Friday July 25 2008 - In the News

Also Aurelian Resources Inc (C:ARU) In the News

The Globe and Mail reports in its Friday, July 25, edition that it was old home week for Kinross Gold chief executive officer Tye Burt when he worked out a deal to takeover Aurelian Resources for $1.2-million. The Globe's inside poopmeister Andrew Willis writes in the Streetwise column that Mr. Burt was once boss of BMO Nesbitt Burns's mining group. His old BMO compatriots are, together with Dundee Securities, advising Aurelian on Kinross's bid. The transaction gives Kinross, which has a number of mature mines, access to undeveloped plays in South America. The offer comes at a 63-per-cent premium to the target's share price over the past 20 days. Mr. Willis says there is an interesting twist to the takeover, with Kinross committing $71-million to buy Aurelian shares in a private placement that is not conditional on the deal closing. That financing will pay for development of a high-quality property in Ecuador. There are rumblings that other gold miners, such as Mr. Burt's former employer Barrick Gold, could make things interesting for Kinross by taking a run at Aurelian. Kinross looked to Scotia Capital as its lead adviser, along with Rothschild and CIBC World Markets.

© 2008 Canjex Publishing Ltd.