Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
TORONTO, ONTARIO–(Marketwire – Sept. 29, 2011) – Kinross Gold Corporation (TSX:K)(NYSE:KGC) (“Kinross”) announced today that it has subscribed for 2,350,000 units of White Bear Resources Inc. (“White Bear”) pursuant to a private placement. Each unit consists of one common share and one share purchase warrant. Each warrant allows the holder to purchase one common share at an exercise price of CAD$0.20 during the two year period following the closing of the private placement. Assuming the exercise of all warrants held by Kinross, Kinross would hold 4,700,000 common shares, constituting 18.1% of White Bear’s outstanding common shares. The subscription price for the units is CAD$0.10 per unit for an aggregate purchase price of CAD$235,000. The private placement is subject to approval by the TSX Venture Exchange.
