Kirkland Lake rejects alternative Gold Fields, Silver Standard bids valued at C$1.44bn

Canadian miner Kirkland Lake Gold has rebuffed several alternative transactions, including three joint unsolicited offers by South Africa-based Gold Fields and Vancouver-based Silver Standard Resources valued up to C$1.44-billion. In response to media rumours and a request by the Investment Industry Regulatory Organisation of Canada Friday, Kirkland Lake issued a statement identifying the suitors and provided details of the sweetened offers, reaffirming that the revised proposal was not financially superior to the C$1-billion all-scrip deal with Newmarket Gold, announced on September 29.