Shareholders of Crown Resources (CRCE-O) have voted in favour of the acquisition of Crown by Kinross Gold (K-T, KGC-N).
Kinross had offered 0.32 of a Kinross share for one share of Crown, and will issue about 14.7 million shares.
Crown’s principal asset is the Buckhorn gold project in Washington state, formerly called the Crown Jewel project. Previous work has identified a resource of 2.8 million tonnes grading 11 grams gold per tonne.
The project is about 75 km by road from Kinross’s Kettle River mine in Ferry Cty., Wash. and development plans call for ore from Buckhorn to be trucked there.
Who were the principals of Crown Resources