Kinross Gold (K.TO), Canada's third-largest gold producer, has
denied a statement from Southridge Enterprises Inc. that the two
were entering a partnership to develop projects in Mexico,
Southridge, based in Dallas, rose as much as 88% in
over-the-counter trading after it said the companies were working
to finalize an agreement for the Cinco Minas and Gran Cabrera
"Kinross wishes to make clear that there is no such joint
partnership, joint venture or other similar such arrangement or
agreement in place, and nor do we expect there to be such a joint
partnership, agreement, acquisition, investment or other equivalent
transaction involving Kinross and Southridge in the foreseeable
future," Toronto-based Kinross said in a statement yesterday.
Trading in Southridge shares has been halted by the U.S.
Securities Exchange Commission because of questions regarding the
accuracy of statements made by the company.
K shares fell seven cents to $9.46 on volume of more than
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