Stock Symbol: AEM (NYSE and TSX)
TORONTO, March 17, 2025 /PRNewswire/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has agreed to subscribe for 4,741,984 common shares (“Common Shares”) of Collective Mining Ltd. (“Collective”) in a non-brokered private placement at a price of C$11.00 per Common Share for aggregate consideration of C$52,161,824 (the “Private Placement”). Concurrently with the closing of the Private Placement, Agnico Eagle will exercise all of the common share purchase warrants of Collective (each, a “Warrant”) it currently holds to acquire an additional 2,250,000 Common Shares at a price of C$5.01 per Common Share for aggregate consideration of C$11,272,500. Closing of the Private Placement is expected to occur on or about March 20, 2025 and is subject to certain conditions.
Agnico Eagle continues to…
