March 16, 2016 / 12:43 PM / a year ago

BRIEF-Kinross gold corp to exercise over-allotment option

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March 16 (Reuters) - Kinross Gold Corp

* Elected to exercise their option in full to purchase an additional 12,510,000 common shares at a price of us$3.00 per share

* Says sale of additional common shares is expected to be completed on March 18

* Says option will increase gross proceeds by an additional us$37.5 million, resulting in total gross proceeds of us$287.7 million Source text for Eikon: Further company coverage:

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