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: Do i understand this deal correctly

Do i understand this deal correctly

posted on Aug 13, 2008 01:43PM

Kinross gives Aurelian 71 million dollars. Aurelian gives Kinross 15 million shares which they then use to force a takeover of Aurelian. Should Kinross successfully take over Aurelian they get 71 million dollars back because they now own the company. In essence this renders the 15 million shares as a tax free gift provided to Kinross by the board of directors of Aurelian. Is not that illegal and if it is I think someone is going to end up in jail. Just wondering if I got this deal right.

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