BUZZ-Kinross Gold Corp: Biggest intra-day pct loss in a week

Thu Feb 25, 2016 12:00pm EST
 
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** Canadian miner's U.S.-listed shares down 8 pct at $2.92

** U.S-listed shares fall as much as 9.12 pct, biggest intra-day pct loss in more than a week

** Company announces $250 mln bought deal financing

** Bought deal public equity offering of 83.4 mln common shares at $3 per share

** To use $175 mln of proceeds to repay credit facilities used to buy Barrick Gold Corp assets; Remainder to be used to repay debt maturing in 2016

** Up to Wednesday's close, stock had gained nearly three-quarters of its value this year