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CALGARY,
ALBERTA--(Marketwire - April 19, 2010) - Comaplex Minerals Corp.
(TSX:CMF) and Agnico-Eagle Mines Limited (TSX:AEM) jointly announced
today the extension of the exclusivity period under their previously
announced agreement in principle whereby Agnico-Eagle would acquire all
the shares of Comaplex that it does not already own. The exclusivity
period has been extended from April 19, 2010 to May 3, 2010 to allow
the parties to complete due diligence and documentation.
The support agreement between Perfora and Agnico-Eagle pursuant to
which Perfora has agreed to, among other things, support the
transaction and vote all of the shares it holds in Comaplex in favour
of it has been similarly extended. The transaction remains subject to
due diligence, the negotiation and board approval of the definitive
acquisition agreement and the negotiation of support agreements with
the directors and officers of Comaplex. The transaction is also subject
to approval by Comaplex shareholders and court and regulatory approval.
About Agnico-Eagle
Agnico-Eagle is a long established Canadian gold producer with
operations located in Canada, Finland and Mexico and exploration and
development activities in Canada, Finland, Mexico and the United
States. Agnico-Eagle's LaRonde Mine is Canada's largest operating gold
mine in terms of reserves. Agnico-Eagle has full exposure to higher
gold prices consistent with its policy of no forward gold sales. It has
paid a cash dividend for 28 consecutive years. Agnico-Eagle's
registered office is located at 145 King Street East, Suite 400,
Toronto, Ontario M5C 2Y7.
About Comaplex
Comaplex is a public company, headquartered in Calgary whose shares
trade on the Toronto Stock Exchange. Comaplex's core business is
exploring for and developing mineral properties in Canada, and its main
asset is the Meliadine gold property. Comaplex's registered office is
located at 901, 1015 Fourth Street S. W., Calgary, Alberta T2R 1J4.
Forward-Looking Statements
Certain statements regarding Comaplex and/or Agnico-Eagle set forth in
this press release, including those regarding the completion of the
transaction, contain forward-looking information. This forward-looking
information is subject to numerous material risks, uncertainties and
assumptions, certain of which are beyond the control of Comaplex and/or
Agnico-Eagle, including the impact of general economic conditions,
industry conditions, volatility of commodity prices, currency
fluctuations, environmental risks, competition from other industry
participants, the lack of availability of qualified personnel or
management, stock market volatility, ability to access sufficient
capital from internal and external sources, uncertainty of receiving
approval from shareholders for the transaction described herein and failure
to obtain required regulatory approvals, including stock exchange
approvals. Readers are cautioned that the material assumptions used in
the preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise. Actual results,
performance or achievement could differ materially from those expressed
in, or implied by, this forward-looking information and, accordingly,
no assurance can be given that any of the events anticipated by the
forward-looking information will transpire or occur, or if any of them
do so, what benefits that Comaplex and/or Agnico-Eagle will derive
therefrom. Comaplex and Agnico-Eagle disclaim any intention or
obligation to update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, except as
required by applicable securities laws.
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