Kinross Announces to acquire Underworld Resources

- March 12th, 2010

Kinross Gold Corporation (TSX:K)(NYSE:KGC) and Underworld Resources Inc. (TSX VENTURE:UW) reported that the companys have entered into a letter agreement whereby Kinross would offer to acquire 100% of the outstanding common shares of Underworld by way of a friendly take-over bid, other than the 8.5% of the Common Shares already owned by Kinross.

Kinross Gold Corporation (TSX:K)(NYSE:KGC) and Underworld Resources Inc. (TSX VENTURE:UW) reported that the companys have entered into a letter agreement whereby Kinross would offer to acquire 100% of the outstanding common shares of Underworld by way of a friendly take-over bid, other than the 8.5% of the Common Shares already owned by Kinross.

The press release is quoted as saying:

Kinross is a Canadian-based gold mining company with mines and projects in the United States, Brazil, Chile, Ecuador and Russia, employing approximately 5,500 people worldwide.

Click here to access the entire press release

Click here to access Kinross Corporate Site

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