Nov 25 (Reuters) - Kirkland Lake Gold Ltd KL.TO :
* KIRKLAND LAKE GOLD TO ADD NEW CORNERSTONE ASSET THROUGH ACQUISITION OF DETOUR GOLD, GROWS FREE CASH FLOW, MINERAL RESERVES AND PRODUCTION
* KIRKLAND LAKE GOLD - UNDER DEAL, DETOUR GOLD SHARES WILL BE EXCHANGED AT RATIO OF 0.4343 OF KIRKLAND LAKE GOLD SHARE FOR EACH DETOUR GOLD COMMON SHARE
* KIRKLAND LAKE GOLD LTD - IMPLIED EQUITY VALUE OF TRANSACTION IS EQUAL TO APPROXIMATELY C$4.9 BILLION
* KIRKLAND LAKE GOLD - EXISTING KIRKLAND LAKE GOLD AND DETOUR GOLD SHAREHOLDERS WILL OWN APPROXIMATELY 73% AND 27% OF PRO FORMA COMPANY, RESPECTIVELY
* KIRKLAND LAKE GOLD LTD - EXCHANGE RATIO IMPLIES CONSIDERATION OF C$27.50 PER DETOUR GOLD COMMON SHARE
* KIRKLAND LAKE GOLD LTD - EXPECTED PRE-TAX SYNERGIES OF ABOUT $75 MILLION - $100 MILLION PER YEAR FROM DEAL
* KIRKLAND LAKE GOLD LTD - DEAL EXPECTED TO DELIVER IMMEDIATE CASH FLOW PER SHARE AND NET ASSET VALUE PER SHARE ACCRETION
* KIRKLAND LAKE GOLD LTD - BOTH COMPANIES' BOARDS OF DIRECTORS UNANIMOUSLY RECOMMEND THAT THEIR RESPECTIVE SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION
* KIRKLAND LAKE GOLD - UNDER ARRANGEMENT AGREEMENT, $148 MILLION TERMINATION FEE PAYABLE TO CO & $202 MILLION TERMINATION FEE PAYABLE TO DETOUR GOLD