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Message: Rumours (not a big deal)

Rumours (not a big deal)

posted on Dec 12, 2008 04:07AM

from the Globe and Mail last night:

Kinross seen selling stock, but not Inter Pipeline

Andrew Willis, 11/12/08 at 5:04 PM EST

Here's a quick take on one company that‘s expected to sell shares - Kinross Gold - and another that's weighed down by a financing that's likely not in the works - Inter Pipeline Fund.

Following successful financings from a number of gold plays, the rumour in the market Thursday is that Kinross is planning to sell at least $300-million of equity. The money would be used to fund the purchase of additional gold properties from cash-hungry Teck.

Agnico Eagle, Yamana Gold and Red Back Mining have all done bought-deal financings in recent weeks, against a backdrop of a rally in precious metal plays.

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