Special meeting of security holders on February 14. A special meeting of security holders will be held on February 14 at 10:00 am PT to consider and approve the proposed acquisition of Great Bear Resources by Kinross Gold Corporation (TSX: K, NYSE: KGC) that was announced on December 8, 2021. The meeting will be held virtually via live audio webcast. A management information circular, along with other materials, were mailed to shareholders and contain important instructions.Terms of the transaction. Great Bear shareholders will have the option to receive either: 1) C$29.00 in cash, or 2) 3.8564 Kinross shares per Great Bear share, subject to pro-ration, up to aggregate maximums of 75% cash and 40% Kinross shares on a fully diluted basis. The agreement also provides contingent consideration for Great Bear shareholders based on certain milestones.Transaction close expected this quarter. The transaction is expected to be completed in the first quarter of 2022, subject to approval by Great Bear shareholders, receipt of court and regulatory approvals, and satisfaction of certain closing conditions. We expect the transaction to be approved and believe the transaction is a win for both companies who contemplate the potential for a multi-deposit mine complex at Dixie, including a potential high-grade open pit mine and a long-life underground mine.Rating is Market Perform. Our rating is Market Perform based on the shares trading near fair value implied by the the transaction terms. Read More >>