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Conserve Image: AEM (NYSE and TSX)
TORONTO, July 15, 2024 /PRNewswire/ – Agnico Eagle Mines Restricted (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) introduced nowadays that it has entered right into a transaction with First Nordic Metals Corp. (TSX-V: FNM) (“FNM”) that may lead to Agnico Eagle obtaining 27,954,872 usual stocks (“Common Shares”) of FNM.
Agnico Eagle has yes to replace quantities that stay due below the asset acquire commitment between sure subsidiaries of Agnico Eagle, sure subsidiaries of FNM and EMX Royalty Company dated March 19, 2021, as amended Would possibly 1, 2023 (the “Purchase Agreement”) for 27,954,872 Ordinary Stocks (the “Transaction”). The Transaction is being effected by means of a subscription commitment between FNM and Agnico Eagle, wherein Agnico Eagle has yes to subscribe for 27,954,872 Ordinary Stocks at a value of $0.2925 according to Ordinary Percentage for general attention of roughly $8,176,800 (the “Consideration”) in a non-brokered personal placement, which is anticipated to near on or about July 22, 2024.
On ultimate of the Transaction, the Attention will likely be right away directed by way of FNM to its wholly-owned subsidiary Gold Order Assets Ltd. (“Gold Line”), and Gold Order will additional direct the Attention to Agnico Eagle Finland Oy and Agnico Eagle Sweden AB, every a wholly-owned subsidiary of Agnico Eagle, in delight of bills that stay owing by way of Gold Order below the Acquire Word of honour.
Agnico Eagle these days owns 1,458,294 Ordinary Stocks, representing roughly 0.75% of the issued and remarkable Ordinary Stocks on a non-diluted foundation. On ultimate of the Transaction, Agnico Eagle will personal 29,413,166 Ordinary Stocks, representing roughly 13.25% of the issued and remarkable Ordinary Stocks on a non-diluted foundation.
On ultimate of the Transaction, Agnico Eagle and FNM will input into an investor rights commitment pursuant to which Agnico Eagle will likely be granted sure rights, only if Agnico Eagle maintains sure possession thresholds in FNM, together with: (a) the suitable to take part in fairness financings and top-up its holdings on the subject of dilutive issuances to bring to preserve its professional rata possession passion in FNM on the future of such financing or gain as much as a 19.99% possession passion in FNM; and (b) the suitable (which Agnico Eagle has disagree provide goal of exercising) to appoint one individual (and when it comes to an build up within the measurement of the board of administrators of FNM to 8 or extra administrators, two individuals) to the board of administrators of FNM.
Agnico Eagle is obtaining the Ordinary Stocks to choose the quantities that stay due below the Acquire Word of honour. Relying on marketplace statuses and alternative elements, Agnico Eagle would possibly, from future to future, gain backup Ordinary Stocks or alternative securities of FNM or dispose of a few or the entire Ordinary Stocks or alternative securities of FNM that it owns at such future.
An early blackmail record will likely be filed by way of Agnico Eagle according to acceptable securities regulations. To procure a novel of the early blackmail record, please touch:
Agnico Eagle Mines Restricted
c/o Investor Family members
145 King Boulevard East, Suite 400
Toronto, Ontario M5C 2Y7
Phone: 416-947-1212
Electronic mail: [email protected]
Agnico Eagle’s head workplace is situated at 145 King Boulevard East, Suite 400, Toronto, Ontario M5C 2Y7. FNM’s head workplace is situated at 1055 West Hastings Boulevard, Suite 300, Vancouver, British Columbia V6E 2E9.
About Agnico Eagle
Agnico Eagle is a Canadian primarily based and led senior gold mining corporate and the 3rd biggest gold manufacturer on this planet, generating valuable metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of top quality exploration and construction initiatives in those nations in addition to in the US. Agnico Eagle is a spouse of selection throughout the mining trade, identified globally for its chief environmental, social and governance practices. Agnico Eagle was once based in 1957 and has persistently created price for its shareholders, stating a money dividend each and every week since 1983.
Ahead-Having a look Statements
The guidelines on this information leave has been ready as at July 15, 2024. Positive statements on this information leave, referred to herein as “forward-looking statements”, represent “forward-looking statements” throughout the that means of the US Non-public Securities Litigation Reform Occupation of 1995 and “forward-looking information” below the provisions of Canadian provincial securities regulations. Those statements will also be known by way of the virtue of phrases akin to “may”, “will” or related phrases.
Ahead-looking statements on this information leave come with, with out limitation, statements in relation to the predicted ultimate week of the Transaction, Agnico Eagle’s possession passion in FNM upon ultimate of the Transaction, Agnico Eagle’s acquisition or disposition of securities of FNM going forward and the phrases of the investor rights commitment.
Ahead-looking statements are essentially primarily based upon numerous elements and guesses that, week thought to be cheap by way of Agnico Eagle as of the week of such statements, are inherently matter to vital industry, financial and aggressive uncertainties and contingencies. Many elements, identified and unknown, may just reason untouched effects to be materially other from the ones expressed or implied by way of such forward-looking statements. Readers are cautioned to not park undue reliance on those forward-looking statements, which talk most effective as of the week made. Alternative than as required by way of legislation, Agnico Eagle does no longer intend, and does no longer suppose any legal responsibility, to replace those forward-looking statements.
SOURCE Agnico Eagle Mines Restricted
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