Kirkland Lake Gold Inc.
TSX : KGI
AIM : KGI

Kirkland Lake Gold Inc.

July 20, 2015 02:00 ET

Kirkland Lake Gold Provides Update on Cancellation of Admission for Trading on AIM

TORONTO, ONTARIO--(Marketwired - July 20, 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, provides a reminder 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 continues to maintain its listing on the Toronto Stock Exchange ("TSX").

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, have written to all CDI holders to advise them of the cancellation process.

Kirkland Lake Gold continues 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.

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

Instructions for CDI holders in Kirkland Lake

As a CDI holder in Kirkland Lake Gold, from August 3, 2015 you will no longer be able to trade 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 principal Canadian register, and hold your shares through a member of the Canadian Depository for Securities ("CDS").

In order to withdraw to the Canadian register you should follow the procedures set out within the CREST manual in relation to cross-border transactions or XDLs. Should you require further information regarding this process, please seek assistance from Euroclear UK and Ireland (see website at https://my.euroclear.com).

Brokers with clients wishing to hold their shares within their own name on the principal Canadian register and not continue to hold them through the broker or their Canadian counterpart will need to withdraw the securities over to the broker's Canadian counterpart and then arrange for the counterpart to re-materialise the securities onto the principal register in Direct Registration System ("DRS") Certificated form.

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 10 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 14 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.

Contact Information

  • Kirkland Lake Gold Inc.
    Toll Free: 1-866-384-2924

    Kirkland Lake Gold Inc.
    George Ogilvie, P.Eng
    Chief Executive Officer
    gogilvie@klgold.com

    Kirkland Lake Gold Inc.
    Suzette N. Ramcharan, CPIR
    Director of Investor Relations
    +1 647-361-0200
    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