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Kirkland Lake Gold Inc.

09:45 AM EST - Kirkland Lake Gold Inc. : announced it has signed an agreement to acquire Queenston's 50% interest in the seven joint venture properties the two companies own in the Kirkland Lake camp. The acquisition price is $60 million to be paid in installments during calendar 2012 plus a potential production royalty. Kirkland Lake Gold Inc. shares T.KGI are trading up $0.01 at $14.23.