Kirkland Lake Gold Inc.
TSX : KGI
AIM : KGI

Kirkland Lake Gold Inc.

April 15, 2015 02:00 ET

Kirkland Lake Gold Inc.: Cancellation of Admission for Trading on AIM

TORONTO, ONTARIO--(Marketwired - April 15, 2015) - Kirkland Lake Gold Inc. ("Kirkland Lake Gold" or the "Company") (TSX:KGI)(AIM:KGI), an operating and exploration gold company with operations in Ontario, Canada, announces that the admission of its ordinary shares for trading on the AIM Market of the London Stock Exchange plc ("AIM") will be cancelled with effect from 7:00 a.m. UK time on August 3, 2015. The last trading day on AIM will be July 31, 2015. The Company will continue to maintain its listing on the Toronto Stock Exchange ("TSX").

This decision has been made following a careful review by the board of directors (the "Board") of the Company's AIM quotation, including market liquidity, shareholder structure and associated costs. The Board considers that the current and potential future benefits of the Company will be best served through its listing on the TSX. The Board looks forward to the continued support of its current AIM shareholders through its TSX listing.

Further information on the cancellation of admission to trading on AIM

Computershare Investor Services Inc., in its capacity as Transfer Agent and on behalf of the Custodian CREST International Nominees Limited to holders of Crest Depository Interests ("CDIs") in Kirkland Lake Gold, will be writing to all CDI holders in due course to advise them of the cancellation process.

Up to and until July 31, 2015, the Company's shares will continue to be traded on AIM. Following cancellation, CREST members holding the Company's CDIs will only be able to affect trades through the Company's TSX listing and therefore may need to withdraw to the Canadian register, by following the standard cross-border removal process as detailed within the CREST manual.

Kirkland Lake Gold will continue to maintain its listing on the TSX, an AIM Designated Market, and, as such, cancellation is not conditional upon shareholder consent pursuant to Rule 41 of the AIM Rules. CDI holders wishing to trade the Company's shares after the date of cancellation will be able to do so through the TSX. Further information will be provided in the letter due to be issued to CDI holders from Computershare Investor Services Inc. on behalf of Kirkland Lake Gold.

Kirkland Lake Gold will continue to comply with all accounting and regulatory requirements for a Canadian company listed on the TSX.

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.

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.

Cautionary Note Regarding Forward Looking Statements

This Press Release contains statements which constitute "forward-looking statements", including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company's business, including but not limited to; the exploration program and budget for fiscal 2016, and commencement of a regional exploration program, as well as any future exploration discoveries on the Company's land position.
Such opinions, assumptions and estimates, are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the Company's expectations in connection with the projects and exploration programs being met, the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), possible variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's corporate mineral reserves and resources, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning time frames, risks related to joint venture operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended April 30, 2014 and the Company's Management's Discussion and Analysis for the interim period ended January 31, 2015, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Contact Information

  • Kirkland Lake Gold Inc.
    Heather Laxton
    Corporate Secretary
    +1 416 910 2877
    +1 705 568 6444 (FAX)
    hlaxton@klgold.com

    Kirkland Lake Gold Inc.
    George Ogilvie, P.Eng
    Chief Executive Officer
    +1 709 532 5716
    +1 705 568 6444 (FAX)
    gogilvie@klgold.com

    Kirkland Lake Gold Inc.
    Suzette N. Ramcharan, CPIR
    Director of Investor Relations
    +1 647-284-5315
    +1 705 568 6444 (FAX)
    sramcharan@klgold.com
    www.klgold.com

    NOMAD: Panmure Gordon (UK) Limited
    Dominic Morley / Adam James
    +44 (0) 20 7886 2500

    Blytheweigh
    Tim Blythe/Halimah Hussain/Camilla Horsfall
    +44 (0) 20 7138 3204