Kinross announces ownership of shares of Eminent Gold Corp.

Acquisition Details - Kinross Gold Corporation has acquired 7,574,237 units of Eminent Gold Corp at a price of $0.40 per unit, totaling an aggregate purchase price of$3,029,694.80 [1] - The acquisition was part of a private placement by Eminent, which involved 10,711,900 units, each consisting of one common share and one-half of a share purchase warrant [1] Ownership and Control - Following the acquisition, Kinross holds approximately 9.9% of the issued and outstanding shares of Eminent on a non-diluted basis and 14.15% on a partially diluted basis [2] - Prior to the acquisition, Kinross did not own any securities of Eminent [2] Investment Strategy - Kinross acquired the units for investment purposes and may adjust its investment in Eminent through various means, including market transactions and private placements [4] - The company has agreed to a standstill at 19.9% on a partially diluted basis [4] Company Overview - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada [5] - The company focuses on responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet [5]