CA - Kinross Gold announces ownership of shares of Allegiant Gold

• Kinross Gold ( NYSE: KGC ) has acquired deemed beneficial ownership of 5,018,017 common shares of Allegiant Gold, as part of a strategic investment in the issuer, issuable upon exercise of common share purchase warrants previously acquired by Kinross.
• Last year in Mar.17, the warrants were acquired as part of the previously announced investment in Allegiant.
• Per the terms, Kinross purchased 10,036,034 units of Allegiant, representing 9.9% of the issued and outstanding shares of Allegiant for a purchase price of C$0.40/unit, representing an aggregate purchase price of C$4.01M.
• Each unit was comprised of one common share and one-half of one common share purchase warrant.
• At present, Kinross is the deemed beneficial owner of common shares representing ~14.0% of the issued and outstanding shares of Allegiant.
• Kinross currently has no other plans or intentions that relate to its investment in the Issuer. Depending on market conditions, general economic and industry conditions, the Issuer’s business and financial condition and/or other relevant factors, Kinross may develop other plans or intentions in the future.
• Gold underperformed in 2022 but is "set to shine in 2023," Gold Mining Bull writes in an analysis newly published on Seeking Alpha .

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