Business
Aurelian Update on Kinross Offer - Kinross Now Owns 90.7% of Aurelian Shares; Offer Extended to September 29, 2008
Trading Symbol TSX:ARU TORONTO, Sept. 16 /CNW/ - Aurelian Resources Inc. (TSX:ARU) today announce...
About this update from Tesoro Minerals Corp.
[{"type":"text","content":"\n\n\n\nTrading Symbol TSX:ARU\n\n\nTORONTO, Sept. 16 /CNW/ - Aurelian Resources Inc. (TSX:ARU) today\nannounced that per Kinross Gold Corporation's (TSX:K, NYSE:KGC) press release\nissued earlier this morning Kinross has taken up and paid for an additional\n15,165,279 common shares of Aurelian under its offer to acquire the Aurelian\ncommon shares. As a result of this acquisition, Kinross now beneficially owns\na total of 138,689,460 common shares of Aurelian, or 90.7% of the issued and\noutstanding common shares of Aurelian (on a fully diluted basis), and 89.7% of\nthe Aurelian shares excluding the 15 million shares acquired by Kinross prior\nto the offer.\n\n\nKinross has also extended its offer to midnight (Toronto time) on\nSeptember 29, 2008 in order to enable those shareholders who have not yet\ntendered their shares a final opportunity to deposit their Aurelian shares to\nthe offer.\n\n\nKinross has also agreed to make a joint tax election with certain holders\nof common shares of Aurelian within 90 days after the expiry time of the\noffer. As a result of the extension of the expiry time under the offer, the\ndeadline for providing the requisite tax information to Kinross has been\nextended from December 2, 2008 to December 29, 2008. Details regarding the tax\nelection are contained in the offer documents and at\nhttps://www.taxelection.ca/kinross.\n\n\nAbout Aurelian\n\n\n--------------\n\n\nAurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in\nexploring, discovering and developing mineral wealth in Ecuador. The Fruta del\nNorte (FDN) discovery lies at the heart of the Condor Project, located in\nsouth-eastern Ecuador. The initial Inferred Mineral Resource for FDN was\nreleased in October 2007 and included 58.9 million tonnes grading 7.23 g/t\ngold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4\nmillion ounces of contained silver (Report titled "A Mineral Resource Estimate\nfor the Fruta del Norte Deposit, Cordillera del Condor Project,\nZamora-Chinchipe Province, Ecuador" and dated November 15, 2007 filed on\nwww.sedar.com). Visit www.aurelian.ca for more information.\n\n\nForward Looking Statement\n\n\nSome of the statements contained herein may be forward-looking statements\nwhich involve known and unknown risks and uncertainties. Without limitation,\nstatements ...