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KGI Kirkland Lake

217.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kirkland Lake LSE:KGI London Ordinary Share CA49740P1062 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 217.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Kirkland Lake Gold Kirkland Lake Gold Closes C$35 Million Bought Deal Financing

18/02/2015 1:23pm

UK Regulatory



 
TIDMKGI 
 
Kirkland Lake Gold Closes C$35 Million Bought Deal Financing 
FOR:  KIRKLAND LAKE GOLD INC. 
 
TSX, AIM SYMBOL:  KGI 
 
February 18, 2015 
 
Kirkland Lake Gold Closes C$35 Million Bought Deal Financing 
 
TORONTO, ONTARIO--(Marketwired - Feb. 18, 2015) - 
 
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 
 
Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) (the "Company"), is pleased to announce that it has closed its previously 
announced offering (the "Offering") of common shares of the Company (the "Offered Shares"). A total of 7,935,000 
Offered Shares have been issued at a price of C$4.35 per Offered Share, for total gross proceeds of C$34,517,250, 
which includes the full exercise of the over-allotment option by the underwriters to purchase an additional 1,035,000 
Offered Shares. 
 
The Offered Shares were sold pursuant to an underwriting agreement with a syndicate of underwriters co-led by National 
Bank Financial Inc. and Macquarie Capital Markets Canada Ltd. and included Sprott Private Wealth LP, BMO Capital 
Markets and Clarus Securities Inc. 
 
Application has been made to the AIM Market of the London Stock Exchange for the Offered Shares issued pursuant to the 
Offering and is expected to be admitted for trading on February 24, 2015. The Offered Shares will rank pari passu in 
all respects with the existing issued shares. Following admission, the increased issued share capital of the Company 
will be 80,016,617 common shares. 
 
The net proceeds of the Offering will be used for working capital and general corporate purposes. 
 
About the Company 
 
Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long-lived intermediate gold mining 
company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other safe 
mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and free cash 
flow with a view to maximising value for the shareholders. The Company will also look to take advantage of its 
increased infrastructure capacity in the appropriate gold price environment. At the same time, the Company is 
committed to maintaining a significant exploration program aimed at developing and maintaining a property wide reserve 
and resource base sufficient to sustain a mine life of more than ten years. 
 
Over the last several years the Company has invested significant capital to improve the infrastructure of the business 
including upgrading the production hoist, skips, mill, underground mobile equipment and capital development. From 
initial discovery to present day there have been over 24 million ounces of gold mined from the Kirkland Lake gold camp 
while the current reserve and resource provides for potentially 10 years of mining with exploration upside. 
 
Neither the Toronto Stock Exchange nor the London Stock Exchange has reviewed or accepts responsibility for the 
adequacy or accuracy of this news release. 
 
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be 
offered or sold in the United States absent registration or an applicable exemption from the registration 
requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor 
shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. 
 
Cautionary Note Regarding Forward Looking Statements 
 
This Press Release contains statements which constitute "forward-looking statements", including statements regarding 
the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities 
and operating performance of the Company. The 
words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and 
similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. 
 
Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of 
management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions 
and estimates of management regarding the Company's business, its ability to increase its production capacity and 
decrease its production cost. Such opinions, assumptions and estimates, are inherently subject to a variety of risks 
and uncertainties and other known and unknown factors that could cause actual events or results to differ materially 
from those projected in the forward-looking statements. These factors include the Company's expectations in connection 
with the projects and exploration programs being met, the impact of general business and economic conditions, global 
liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on 
projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the 
United States Dollar), possible variations in ore grade or recovery rates, changes in accounting policies, changes in 
the Company's corporate mineral reserves and resources, changes in project parameters as plans continue to be refined, 
changes in project development, construction, production and commissioning time frames, risks related to joint venture 
operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, 
power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of 
plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and 
unanticipated weather changes, costs and timing of the development of new deposits, success of exploration activities, 
permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation 
expenses, title disputes or claims, and limitations on insurance, as well as those risk factors discussed or referred 
to in the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended April 
30, 2014 and the Company's Management's Discussion and Analysis for the interim period ended October 31, 2014 filed 
with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. 
 
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking 
statements prove incorrect, actual results may vary materially from those described herein as intended, planned, 
anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, 
uncertainties and factors which could cause actual results to differ materially, there may be others that cause 
results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any 
obligation, to update these forward-looking statements except as otherwise required by applicable law. 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
George Ogilvie, P.Eng 
Chief Executive Officer 
Phone: +1 709 532 5716 
Fax: +1 705 568 6444 
E-mail: gogilvie@klgold.com 
 
OR 
 
Suzette N. Ramcharan, CPIR 
Director of Investor Relations 
Phone: +1 647-284-5315 
Fax: +1 705 568 6444 
E-mail: sramcharan@klgold.com 
Website - www.klgold.com 
 
OR 
 
NOMAD: Panmure Gordon (UK) Limited 
Dominic Morley / Adam James 
Phone: +44 (0) 20 7886 2500 
 
OR 
 
Blytheweigh 
Tim Blythe/Halimah Hussain/Camilla Horsfall 
Phone: +44 (0) 20 7138 3204 
 
 
 
 
Kirkland Lake Gold Inc. 
 

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