INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Kirkland Lake Gold Ltd. (KL) on Behalf of Investors

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Law Offices of Howard G. Smith announces an investigation on behalf of Kirkland Lake Gold Ltd. ("Kirkland" or "the Company") (NYSE: KL ) investors concerning the Company and its officers possible violations of federal securities laws.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, June 30, 2020
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Legal, Professional services, Kirkland, New York Stock Exchange
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PENNSYLVANIA, United States
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Summary
Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of Kirkland Lake Gold Ltd. ("Kirkland" or "the Company") (NYSE: KL ) investors concerning the Company and its officers possible violations of federal securities laws.
  • On November 25, 2019, Kirkland announced that it would acquire Detour Gold Corporation (Detour) for $3.68 billion.
  • The deal was dilutive to Kirklands reserve grade: while Kirklands reserve grade was 25 g/t before the deal, Detours reserve grade was 0.96 g/t.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Law Offices of Howard G. Smith announces an investigation on behalf of Kirkland Lake Gold Ltd. ("Kirkland" or "the Company") (NYSE: KL) investors concerning the Company and its officers’ possible violations of federal securities laws.

On November 25, 2019, Kirkland announced that it would acquire Detour Gold Corporation (“Detour”) for $3.68 billion. The deal was dilutive to Kirkland’s reserve grade: while Kirkland’s reserve grade was 25 g/t before the deal, Detour’s reserve grade was 0.96 g/t. Moreover, the deal would lead to a 30% increase in Kirkland’s all-in sustaining costs.

On this news, the Company's share price fell as much as $8.18, or over 17%, to close at $39.44 per share on November 25, 2019.

If you purchased Kirkland securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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