Stock Symbol: AEM (NYSE and TSX)
TORONTO, July 15, 2024 /PRNewswire/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has entered into a transaction with First Nordic Metals Corp. (TSX-V: FNM) (“FNM”) that will result in Agnico Eagle acquiring 27,954,872 common shares (“Common Shares”) of FNM.
Agnico Eagle has agreed to exchange amounts that remain due under the asset purchase agreement between certain subsidiaries of Agnico Eagle, certain subsidiaries of FNM and EMX Royalty Corporation dated March 19, 2021, as amended May 1, 2023 (the “Purchase Agreement”) for 27,954,872 Common Shares (the “Transaction”). The Transaction is being effected by way of a subscription agreement between FNM and Agnico Eagle, whereby Agnico Eagle has agreed to subscribe for 27,954,872 Common Shares at a price of $0.2925 per Common Share for total consideration of approximately $8,176,800…
