November 23, 2016 / 6:47 PM / in a year

Kirkland Lake's largest shareholder says supports Newmarket deal

TORONTO, Nov 23 (Reuters) - Kirkland Lake Gold Inc’s largest shareholder, Van Eck Associates, on Wednesday affirmed its support for the Canadian miner’s proposed takeover of Newmarket Gold Inc as a deadline passed for shareholder proxy votes to be cast.

Toronto-based Kirkland Lake has offered to buy Newmarket, which operates mines and projects in Australia, in an all-stock transaction valued at about C$1 billion ($742.00 million).

$1 = 1.3477 Canadian dollars Reporting by Susan Taylor; Editing by Lisa Von Ahn

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