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Kirkland Lake invests in De Grey 

Canadian company Kirkland Lake Gold (CN:KL) has added to its Pilbara gold exposure, paying A$5 million (US$3.9 million) to acquire shares and options in De Grey Mining (AU:DEG). 

Kirkland Lake invests in De Grey  Kirkland Lake invests in De Grey  Kirkland Lake invests in De Grey  Kirkland Lake invests in De Grey  Kirkland Lake invests in De Grey 

De Grey has 1.2 million ounces of resources in the Pilbara region of Western Australia

Kirkland Lake will hold somewhere in the order of 17% of De Grey on a fully diluted basis assuming it exercises 33.3 million options that come with the 33.