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Kirkland and Detour shareholders overwhelmingly approve combination
By Jeff Lewis and Shariq Khan
Tuesday, January 28, 2020
Canadian miner Kirkland Lake Gold's takeover offer of C$4.4 billion (US$3.35 billion) for rival Detour Gold Corp. today won shareholders' support at both companies, a person familiar with the voting said.
Toronto-listed Kirkland won the backing of about 99% of its shareholders and almost 86% of Detour's at separate meetings held today.
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The vote counts are subject to final confirmation and the companies will release a press release shortly, the person said.
The deal would give Kirkland heft and may help ease concerns about the short mine life at the company's flagship underground Fosterville operations in Australia. ...
... For the remainder of the report:
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