Kinross Gold to acquire 15.41M common shares of Relevant Gold

Kinross Gold (KGC) announced that it has entered into an agreement to acquire 15.41M common shares of Relevant Gold Corp. (RGCCF) in a non-brokered private placement at a price of c$0.30 per Share for total consideration of C$4,623,000. Accordingly, taking into account the Shares already held by Kinross, Kinross is the deemed beneficial owner of Shares representing approximately 19.9% of the issued and outstanding Shares of Relevant Gold and is therefore required by applicable Canadian securities laws to issue this press release and file a corresponding early warning report. The transaction is subject to the satisfaction of certain customary conditions and is expected to close in March.