In early Tuesday trading on US markets, shares of Kinross Gold (KGC) declined slightly after the company reduced its holdings in Asante Gold Company (OTC: ASGOF) through the sale of nearly 29.9 million shares.
The sale represents approximately 4.2% of Asante Gold Company's outstanding shares, with the transaction executed at a 10% discount to the closing price.
On a non-diluted basis, Kinross Gold currently holds a 5.2% equity stake.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.