Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: In Today's Financial Post!!!

In Today's Financial Post!!!

posted on Aug 02, 2008 04:42AM

OSC probing Aurelian Resources as part of routine review program

Peter Koven, Financial Post Published: Saturday, August 02, 2008

The Ontario Securities Commission is investigating Aurelian Resources Inc. under its continuous disclosure review program. The review, which has gone on for a couple of months, is focused on the company's disclosure related to its accounting and financial statements, and is not related to its recently announced $1.2-billion merger with Kinross Gold Corp. The OSC tries to review companies every four years under the program, and Aurelian said that it is a routine proceeding. Aurelian disclosed the review in the director's circular it filed with regards to the Kinross bid. The document shows that the two companies held friendly talks beginning in early 2006. As early as November, 2007, Kinross accessed Aurelian's data room. That was five months before Ecuador temporarily halted its mining industry. Aurelian's board finally determined on June 30 of this year that a takeover was the best course. Some investors have complained that the Kinross offer is too low.

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