The acquisition of Great Bear Resources by Kinross Gold is expected to close this week, at which point the shares of the Vancouver-listed junior will be delisted from the TSX-V.

Great Bear, which owns the Dixie project in Ontario, on Friday announced that it had obtained a final order from the Supreme Court of British Columbia approving the transaction.

Kinross CEO Paul Rollinson said last week that the group was working on an integration plan to ensure a smooth transition after closing of the acquisition.

Under the terms of the transaction, Great Bear securityholders were able to elect to receive C$29 a common share of Great Bear in cash, or 3.8564 common shares of Kinross for each share held, both subject to pro-ration to ensure maximum cash consideration of C$1.4-billion and a maximum of 80.7-million Kinross shares issued as the initial consideration.

Based on valid elections received by the election deadline of February 9, Great Bear shareholders who elected to receive the all-cash consideration will be subject to pro-ration and will receive about C$26.16 in cash and about 0.3783 Kinross shares for each Great Bear share.

Great Bear shareholders who elected to receive the all-share consideration will not be subject to pro-ration. The pro-ration set forth above is subject to changes in the issued and outstanding Great Bear shares prior to the effective date of the transaction.

Great Bear security holders will also receive contingent consideration in the form of contingent value rights providing for further potential consideration equal to 0.1330 of a Kinross common share.

The contingent consideration will be payable in connection with Kinross' public announcement of commercial production at the Dixie project, provided that a cumulative total of at least 8.5-million ounces of mineral reserves and measured and indicated mineral resources have been publicly announced by Kinross for the Dixie project within ten years.

The transaction remains subject to the satisfaction of customary closing conditions and is expected to close on or about February 24.