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TORONTO, ONTARIO--(Marketwired - Sept. 5, 2017) - Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the "Company") (TSX:KL)(NYSE:KL) is pleased to announce that the Company has entered into a term sheet agreement (the "Agreement") with Novo Resources Corp. ("Novo") to acquire 14,000,000 units (each a "Unit") at a price of CAD$4.00 per Unit for a total cost of CAD$56,000,000 pursuant to a private placement financing (the "Financing"). Each Unit consists of one common share and one common share purchase warrant (a "Warrant"), entitling the Company to purchase one additional common share of Novo at a price of $6.00 per share for a period of 36 months from the closing date (the "Warrant Expiry Date"). |
