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The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Kirkland Lake Gold Ltd. Investors (KL)

2020-06-30 19:34 ET - News Release

LOS ANGELES -- (Business Wire)

The Law Offices of Frank R. Cruz 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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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.

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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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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


The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007

Source: The Law Offices of Frank R. Cruz

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