Gold miner Kirkland Lake on Friday revealed that it had divested of its 9.57% interest in TSX-listed Osisko Mining Inc, and has diluted its shareholding in Novo Resources as part of efforts to strengthen its balance sheet.
The ASX, TSX, and NYSE-listed Kirkland Lake told shareholders that the company had disposed of more than 32.6-million shares in Osisko at a price of C$4.45 each to raise a total of A$145.1-million, divesting of its entire share in the Canadian explorer.