Kirkland Lake Gold Kirkland Lake Gold Finalizes Appointment of Eric Sprott as Chairman of the Board
20 Februar 2015 - 6:30PM
UK Regulatory
TIDMKGI
Kirkland Lake Gold Finalizes Appointment of Eric Sprott as Chairman of the Board
TSX & AIM: KGI
Kirkland Lake Gold Finalizes Appointment of Eric Sprott as Chairman of the Board
Toronto, Ontario (February 20, 2015) - Kirkland Lake Gold Inc. ("Kirkland Lake Gold" or the "Company"), announces
that the appointment of Mr. Eric Steven Sprott as Chairman of the board of directors has now been approved, and
that Mr. D. Harry W. Dobson will retire from his position as Chairman and as a director of the Company, effective
immediately.
Mr. Sprott stated "I'm delighted to be joining the Kirkland Lake Board at this exciting time as the Company's
turnaround continues to gather pace. The Kirkland Lake Gold camp is one of the most prolific gold camps in the
world, blessed with world-class grades and situated in a stable jurisdiction. Our Company controls and has 100%
ownership of five former producing mines in the camp, that have in totality produced in excess of 22 million ounces
of gold. I believe there is significant opportunity for further organic growth from our large land package within
the Kirkland Lake camp that will help us build the next great Canadian gold mining company"
Mr. George Ogilvie, CEO, commented "On behalf of the board of directors I once again wish to express our sincere
gratitude to Harry as founder of the Company for his years of support and dedicated service to the Company."
Mr. Sprott, age 70, is a renowned and respected leader in the investment community and one of the world's premiere
gold and silver investors. After earning his designation as a chartered accountant, Mr. Sprott entered the
investment industry as a research analyst at Merrill Lynch and Company Inc. In 1981, he founded Sprott Securities
(now Cormark Securities Inc.), which today is one of Canada's largest independently owned institutional brokerage
firms. After establishing Sprott Asset Management LP., in December 2001 as a separate entity, Mr. Sprott divested
his entire ownership of Sprott Securities to its employees. Mr. Sprott is currently the Chair of the board of
Sprott Inc.
The Company announced a C$30 million Bought Deal Financing, (the "Financing") on January 27, 2015, where Sprott
Private Wealth LP agreed to underwrite 12.5% of the Financing. As at the close of the Financing on February 18,
2015, Eric Sprott held, directly or indirectly 7,641,700 common shares in the capital of the Company representing
approximately 9.7% of the issued common shares.
In March 1994, the Ontario Securities Commission issued proceedings against Sprott Securities Limited (the
"Dealer", to which Mr. Sprott was President and Chief Executive Officer), Mr. Sprott and another director of the
Dealer in relation to certain fundraising and trading activities of a client of the Dealer between 1988 and 1992
which might have impacted the regulatory capital of the Dealer. Furthermore, required regulatory reports were not
filed by Mr. Sprott in relation to his appointment to the board of the client in 1990. The Commission issued a
reprimand of Mr. Sprott and the other director and issued a fine to Sprott Securities.
There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
About the Company
Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long-lived intermediate gold mining
company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other safe
mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and free cash
flow with a view to maximising value for the shareholders. The Company will also look to take advantage of its
increased infrastructure capacity in the appropriate gold price environment. At the same time, the Company is
committed to maintaining a significant exploration program aimed at developing and maintaining a property wide
reserve and resource base sufficient to sustain a mine life of more than ten years.
Over the last several years the Company has invested significant capital to improve the infrastructure of the
business including upgrading the production hoist, skips, mill, underground mobile equipment and capital
development. From initial discovery to present day there have been over 24 million ounces of gold mined from the
Kirkland Lake gold camp while the current reserve and resource provides for potentially 10 years of mining with
exploration upside.
For further information, please contact:
George Ogilvie, P.Eng Suzette N. Ramcharan, CPIR
Chief Executive Officer Director of Investor Relations
Phone: +1 709 532 5716 Phone: +1 647-284-5315
Fax: +1 705 568 6444 Fax: +1 705 568 6444
E-mail: gogilvie@klgold.com E-mail: sramcharan@klgold.com
NOMAD: Panmure Gordon (UK) Limited Blytheweigh
Dominic Morley / Adam James Tim Blythe/Halimah Hussain/Camilla Horsfall
Phone: +44 (0) 20 7886 2500 Phone: +44 (0) 20 7138 3204
Website - www.klgold.com
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed or accepts
responsibility for the adequacy or accuracy of this news release.
Kirkland Lake Gold Inc.
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