Kirkland Lake Gold Pursues Arbitration With Respect to Purchase of Fosterville Royalty

Jun 28, 2018

TORONTO, June 27, 2018 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL, Financial) (NYSE:KL) (ASX:KLA) today announced that Fosterville Gold Mine Pty Ltd. (“FGM”), a wholly-owned subsidiary of the Company, has initiated arbitration against AuRico Metals Australian Royalty Corporation (“AMARC”) and AuRico Metals Inc. (“AMI”), wholly-owned subsidiaries of Centerra Gold Inc. (“Centerra”). The Notice of Arbitration was delivered by FGM in accordance with the terms of the royalty agreement between FGM and AMARC (the “Royalty Agreement”) to enforce certain rights of FGM set out in the Royalty Agreement, including its right of first offer and its right of first refusal in the event of a sale of the 2% royalty included in the Royalty Agreement.

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