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AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN MAPLE GOLD MINES LTD.
Agnico Eagle acquired 662,780 shares at C$2.45 each, raising its stake in Maple Gold Mines to nearly 13% to maintain strategic ownership rights.
- On Tuesday, Agnico Eagle Mines Limited acquired 662,780 Maple Gold Mines Ltd. shares at C$2.45 from sellers in Maple's flow-through offering.
- Under an investor rights agreement dated October 13, 2020, Agnico Eagle holds rights to acquire up to 19.9%, but dilutive issuances reduced its stake to about 12.90% non-diluted and 13.71% partially-diluted.
- Following the Share Purchases, Agnico Eagle owns 8,716,825 Common Shares and 586,619 Warrants, representing 12.98% non-diluted and 13.73% partially-diluted ownership.
- The company said the purchase is part of a strategy to acquire strategic positions in high-potential projects, and Agnico Eagle will file an amended early warning report under securities laws.
- Agnico Eagle noted it may acquire or dispose of additional Maple securities depending on market conditions and cautioned that many factors could cause actual results to differ from forward‑looking statements.
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12 Articles
12 Articles
Coverage Details
Total News Sources12
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 37% Center
Bias Distribution
- 38% of the sources lean Left, 37% of the sources are Center
38% Left
L 38%
C 37%
R 25%
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