AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN MAPLE GOLD MINES LTD.
Stock Symbol: AEM (NYSE and TSX)
Prior to the Share Purchase, Agnico Eagle owned 40,852,415 Common Shares, representing approximately 11.97% of the issued and outstanding Common Shares on a non-diluted basis. Following the Share Purchase, Agnico Eagle owns 74,674,257 Common Shares, representing approximately 19.9% of the issued and outstanding Common Shares on a non-diluted basis.
Agnico Eagle and Maple entered into an investor rights agreement dated
Agnico Eagle acquired the Common Shares for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Maple or dispose of some or all of the Common Shares or other securities of Maple that it owns at such time.
Agnico Eagle and Maple entered into a conveyance and option agreement dated
An amended early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:
c/o Investor Relations
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com
Agnico Eagle's head office is located at
About Agnico Eagle
Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in
Forward-Looking Statements
The information in this news release has been prepared as at
Forward-looking statements in this news release include, without limitation, statements relating to Agnico Eagle's acquisition or disposition of securities of Maple in the future and the closing of the transactions contemplated in the Conveyance and Option Agreement and any rights exercisable by Agnico Eagle thereunder.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.
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