Kinross Gold Corp. announced today that it has sold an aggregate of 29,850,984 common shares of
Asante Gold Corp. representing approximately 4.2% of the outstanding Shares and approximately 44.7% of the Shares held by Kinross. The Shares were sold at a price per Share of $1.55 , representing an aggregate sale price of C$46,269,025.20. Prior to the sale, Kinross held approximately 9.4% of the outstanding Shares and up to 18% of the Shares, on a partially-diluted basis, assuming conversion of all convertible instruments held by Kinross. After the sale, Kinross holds 36,927,650 Shares, 5,000,000 warrants to purchase Shares and a convertible debenture which is convertible into Shares at the option of Kinross at any time for a period of five years from the date of issua...