From the news release:
As a result of this acquisition, Kinross now beneficially owns a total of 138,689,460 common shares of Aurelian, or 90.7% of the issued and outstanding common shares of Aurelian (on a fully diluted basis), and 89.7% of the Aurelian shares excluding the 15 million shares acquired by Kinross prior to the offer.
From www.sedi.ca:
You are the beneficial owner of securities if you have an equitable right to them, whether or not they are registered in your name. Equitable or beneficial ownership is in contrast to legal ownership. A legal owner
has title to the securities, although legal title may carry no rights to the property. Equitable or beneficial ownership means that while you may not have title to the securities, you have rights to the securities which are the normal incidents of owning the securities. Many insiders hold securities which are registered in the name of an investment firm, depository, trustee or bank, but the individual remains the beneficial owner.
So why did Kinross choose this wording for there news release? It makes me suspicious. How about you?
Do not tender. Nothing to loose and everything to gain. HAHAHAHAHAHA