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Home : Kirkland Lake Gold Announces Repayment of Convertible Debentures
Jun 22
2017

Kirkland Lake Gold Announces Repayment of Convertible Debentures

TORONTO, ONTARIO--(Marketwired - June 21, 2017) - Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the "Company") (TSX:KL)(OTCQX:KLGDF) is pleased to announce that the Company's CAD$56.8 million 6% unsecured convertible debentures (CUSIP 49740PAA4 and ISIN CA49740PAA45) (the "Debentures") will mature on June 30, 2017 and, pursuant to the terms of the Debentures, will be repaid in cash on the maturity date. At June 20, 2017, the Company had cash and bullion of approximately $328 million. In addition to a payment of CAD$56,836,700 with respect to the principal amount of the Debentures, the Company will also pay CAD$1,705,101 to holders of the Debentures with respect to the accrued unpaid interest up to, but excluding, the maturity date, for a total aggregate payment of CAD$58,541,801.
Source:http://www.marketwired.com/mw/release.do?id=2223178&sourceType=3
 
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