Kinross Gold (KGC) said Monday it sold nearly 29.9 million shares of Asante Gold, representing about 4.2% of the outstanding shares and roughly 44.7% of the shares held by Kinross, for about 46.3 million Canadian dollars ($33.6 million).
Kinross said that after the sale it has about 5.2% of the outstanding shares, on a non-diluted basis, and 13.2% of the outstanding shares, on a partially diluted basis, assuming the conversion of Asante convertible securities owned by Kinross.
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.