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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.
- Agnico Eagle purchased Common Shares of Maple for C$2.45 each, owning 8,716,825 shares and 586,619 warrants, representing about 12.98% stake.
- Following its earlier early warning filing, Agnico Eagle owned 15.38% and 16.32%, which were reduced to about 12.90% and 13.71% after dilutive issuances.
- Agnico Eagle bought shares from several sellers who participated in Maple's flow-through offering, while Maple is listed on the TSXV as MGM and headquartered in Vancouver.
- Agnico Eagle said it will file an amended early warning report and retains rights from an October 13, 2020 investor rights agreement, including participation in financings and a board nomination right.
- Agnico Eagle framed the purchase as part of its strategic program to secure strategic positions in high geological potential projects and noted forward-looking statements that it may buy or sell securities depending on market conditions.
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27 Articles
Coverage Details
Total News Sources27
Leaning Left6Leaning Right4Center8Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 33%
C 45%
R 22%
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