Kirkland Lake Gold Announces Repayment Of Convertible Debentures
Kirkland Lake Gold Ltd. (TSX: KL) reports that the company will repay C$56.8 million 6% unsecured convertible debentures on the June 30 maturity date. The company lists cash and bullion of approximately $328 million on June 20. With interest, the company will pay C$58,541,801. “Through internally generated cash flow, we have increased our cash and bullion by over $90 million to date in 2017, which has provided more than enough funds to repay the debentures,” says Tony Makuch, president and chief executive officer.