For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i) ---------------------------------------------------------------------------- 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: (ii) Kirkland Lake Gold Inc. ---------------------------------------------------------------------------- 2. Reason for the notification (please tick the appropriate box or boxes): ---------------------------------------------------------------------------- An acquisition or disposal of voting rights x ---------------------------------------------------------------------------- An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached ---------------------------------------------------------------------------- An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments ---------------------------------------------------------------------------- An event changing the breakdown of voting rights ---------------------------------------------------------------------------- Other (please specify): ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 3. Full name of person(s) subject to the notification obligation: (iii) Sprott Asset Management LP ---------------------------------------------------------------------------- 4. Full name of shareholder(s) (if different from 3.):(iv) See Section 9 ---------------------------------------------------------------------------- 5. Date of the transaction and date on which the threshold is crossed or reached: (v) June 28, 2013 ---------------------------------------------------------------------------- Date on which issuer notified: July 10, 2013 ---------------------------------------------------------------------------- 7. Threshold(s) that is/are crossed or reached: (vi,vii) 11.8% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 8. Notified details: ---------------------------------------------------------------------------- A: Voting rights attached to shares (viii,ix) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Situation Class/ previous to the type triggering Resulting situation after the triggering of shares transaction transaction ------------------------------------------------------------------ if Number possible Number of Number Number using the of Voting of of voting % of voting rights (x) ISIN CODE Shares Rights shares rights ------------------------------------------------- Direct Indirect Direct (xi) (xii) Direct Indirect ------------------------------------------------------------------ Common Shares --- --- 8,143,466 8,143,466 11.6% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- B: Qualifying Financial Instruments ---------------------------------------------------------------------------- Resulting situation after the triggering transaction ---------------------------------------------------------------------------- Number of voting rights that may be acquired if Type of Exercise/Conv- the instrument financial Expiration ersion Period is exercised/ % of voting instrument date (xiii) (xiv) converted. rights ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv,xvi) ---------------------------------------------------------------------------- Resulting situation after the triggering transaction ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Number of Exercise/ voting % of Type of Expiration Conversion rights voting financial Exercise date period instrument rights instrument price (xvii) (xviii) refers to (xix,xx) ---------------------------------------------------------------------------- $13.70 per Convertible common December Debentures share 31, 2017 113,138 Nominal Delta ----------------- 0.2% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Total (A+B+C) ---------------------------------------------------------------------------- Number of voting rights Percentage of voting rights ---------------------------------------------------------------------------- 8,256,604 11.8% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: (xxi) ---------------------------------------------------------------------------- The common shares are held by Sprott Asset Management LP on behalf of the funds and accounts fully managed by it and a portfolio manager of Sprott Asset Management LP. ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Proxy Voting: ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 10. Name of the proxy holder: ---------------------------------------------------------------------------- 11. Number of voting rights proxy holder will cease to hold: ---------------------------------------------------------------------------- 12. Date on which proxy holder will cease to hold voting rights: ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 13. Additional information: ---------------------------------------------------------------------------- 14. Contact name: Maggie Tang ---------------------------------------------------------------------------- 15. Contact telephone number: 1-416-943-4072 mtang@sprott.com ---------------------------------------------------------------------------- Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in shares (xxii) A: Identity of the persons or legal entity subject to the notification obligation ---------------------------------------------------------------------------- Full name (including legal form of legal entities) Sprott Asset Management LP ---------------------------------------------------------------------------- Contact address 200 Bay Street, Suite 2700, PO Box 27 (registered office for legal Royal Bank Plaza, South Tower entities) Toronto, ON Canada M5J 2J1 ---------------------------------------------------------------------------- Phone number & email ---------------------------------------------------------------------------- Other useful information (at least legal representative for legal persons) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- B: Identity of the notifier, if applicable ---------------------------------------------------------------------------- Full name ---------------------------------------------------------------------------- Contact address ---------------------------------------------------------------------------- Phone number & email ---------------------------------------------------------------------------- Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- C: Additional information ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- For notes on how to complete form TR-1 please see the FSA website.
Contact Information:
Kirkland Lake Gold Inc.