[Federal Register Volume 67, Number 72 (Monday, April 15, 2002)]
[Notices]
[Page 18257]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-8996]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting: Notice of Application To Withdraw From Listing 
and Registration on the American Stock Exchange LLC (Kinam Gold Inc., 
$3.75 Series B Convertible Preferred Stock, par value $1.00 per share) 
File No. 1-9620

April 8, 2002.
    Kinam Gold, Inc., a Nevada corporation, (``Issuer'') has filed an 
application with the Securities and Exchange Commission 
(``Commission''), pursuant to section 12(d) of the Securities Exchange 
Act of 1934 (``Act'') \1\ and rule 12d2-2(c) thereunder,\2\ to strike 
the $3.75 Series B Convertible Preferred Stock, par value, $1.00 per 
share (``Security''), from listing and registration on the American 
Stock Exchange LLC (``Amex'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(c).
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    The Board of Directors (``Board'') of the Issuer unanimously 
approved a resolution on April 1, 2002 to withdraw its Securities from 
listing on the Exchange. The Board cites the following reasons for its 
decision to withdraw its Security: (i) As the result of a tender offer 
made on February 20, 2002, by Kinross Gold Corporation (``Kinross''), 
which indirectly through a wholly-owned subsidiary, owned all of the 
issued and outstanding common stock of the Issuer and approximately 
51.4% of the Security, Kinross now owns 100% of the common stock of the 
Issuer and 86.9% of the Security; (ii) as a result of Kinross's current 
ownership position, the Issuer controls approximately 99.6% of the vote 
with respect to all matters submitted jointly to the shareholders of 
the common stock and Security. In addition, Kinross controls the vote 
on all matters requiring approval of the Security voting separately as 
a single class; (iii) in the tender offer materials Kinross provided to 
its shareholders, Kinross indicated its intent to the Issuer to engage 
in a merger, recapitalization, or other transactions subsequent to the 
tender offer in which any remaining shareholders of the Security would 
be entitled to receive cash for their shares and, consequently, Kinross 
would be the sole remaining holder of the Security; and (iv) as of 
January 22, 2002, prior to the commencement of the tender offer, there 
were only 49 registered holders of the Issuer's Security. The number of 
registered holders was reduced to 32 as a result of the tender offer.
    The Issuer states in its application that it has met the 
requirements of the Amex Rule 18 by complying with all applicable laws 
in effect in the state of Nevada, in which it is incorporated, and with 
the Amex's rules governing an issuer's voluntary withdrawal of a 
security from listing and registration. The Issuer's application 
relates solely to the withdrawal of the Securities from the Amex and 
registration under section 12(b) of the Act \3\ and shall not affect 
its obligation to be registered under section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before April 30, 2002, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 02-8996 Filed 4-12-02; 8:45 am]
BILLING CODE 8010-01-P