Now I UNDERSTAND...CHEK THIS OUTToronto, Ontario, August 10, 2009 -- Kinross Gold Corporation ( Kinross ) announced today that it has subscribed for 2,000,000 units of BCGold Corp. ( BCGold ) pursuant to a non-brokered private placement. Each unit consists of on common share and one half of one common share purchase warrant. Each warrant allows the holder to purchase one common sahre at an exercise price of
CAD
,12for a period of 12 month following the closing of the private placement. After giving effect to the private placement, Kinross will hold 6,0125,000 common shares and 1,512,500 common share purchase warrants of BCGold, constituting approximately 16% of its issued and outstanding common shares. the subscription price for the units is
CAD
,06 per unit for an aggregate purchase price of CAD $120,000.
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