Harry Winston Announces Closing of the Previously Announced Strategic Investment by Kinross
31 März 2009 - 10:30PM
PR Newswire (US)
TORONTO, March 31 /PRNewswire-FirstCall/ -- Harry Winston Diamond
Corporation (TSX-HW; NYSE-HWD) ("Harry Winston") is pleased to
announce the closing of the US$150 million strategic investment by
Kinross Gold Corporation (TSX-K; NYSE-KGC) ("Kinross") that was
announced on March 19, 2009. Kinross has subscribed to 15.2 million
treasury shares from Harry Winston at a price of US$3.00 per share,
being approximately 19.9% of the company's issued equity post the
transaction. In addition, Kinross has subscribed for new
partnership units representing a 22.5% interest in the limited
partnership which holds Harry Winston's 40% joint venture interest
in the Diavik Diamond Mine, for a net effective subscription value
of US$104.4 million. As part of the transaction Mr. Thomas M.
Boehlert, Executive Vice President & Chief Financial Officer of
Kinross, has been invited to join the Harry Winston Board of
Directors. Harry Winston Diamond Corporation (TSX: HW; NYSE:HWD)
will release its Fiscal 2009 Fourth Quarter and Year-End results
for the period ended January 31, 2009, after market hours on
Thursday, April 2, 2009. The Company will host a conference call
for analysts, investors and other interested parties on Friday,
April 3, 2009 at 9:00AM (ET), followed by a question-and-answer
session. To access the call, please dial: North America:
800-510-0146; passcode 37236627 International: 617-614-3449;
passcode 37236627 You may also access the conference call on a
listen-only basis at: http://investor.harrywinston.com/ A telephone
replay of the call will be available one hour after the call until
11:00PM (ET), April 16, 2009. To access the call replay, please
dial: North America: 1-888-286-8010; passcode 73080790
International: 1-617-801-6888; passcode 73080790 You may also
access a replay of the call at: http://investor.harrywinston.com/
About Harry Winston Diamond Corporation Harry Winston Diamond
Corporation (TSX: HW; NYSE: HWD) is a specialist diamond enterprise
with assets in the mining and retail segments of the diamond
industry. The company supplies rough diamonds to the global market
from its 40% interest in the Diavik Diamond Mine, located in
Canada's Northwest Territories. The company's retail division,
Harry Winston Inc., is a premier jewelry and timepiece retailer
with salons in key locations including New York, Paris, London,
Beijing, Tokyo and Beverly Hills. For further information:
http://www.harrywinston.com/ or for investor information, visit
http://investor.harrywinston.com/ DATASOURCE: Harry Winston Diamond
Corporation CONTACT: Investor Relations, (416) 362-2237 ext 290 or
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