(All amounts expressed in Canadian dollars unless otherwise noted)
AGNICO-EAGLE MINES LIMITED REPORTS
INVESTMENT IN AuEx VENTURES INC.
Toronto (March 11, 2009) � Agnico-Eagle Mines Limited (TSX / NYSE : AEM) (�Agnico" or the "Company") today reported that it had acquired 1,000,000 units ("Units") of AuEx Ventures Inc. ("AuEx") by way of a private placement at a price of $2.15 per Unit for a total consideration of $2,150,000 in cash. Each Unit consisted of one common share ("Common Shares"), resulting in the acquisition of a total of 1,000,000 Common Shares of AuEx by the Company, and one-half of one share purchase warrant ("Warrants"), being 500,000 Warrants, each full Warrant entitling the holder to acquire one Common Share at a price of $2.75 per share for the first twelve months following the closing date and a price of $3.25 per share for the subsequent twelve months, subject to certain accelerated expiry provisions.
Combined with the 2,202,100 common shares of AuEx previously held, Agnico now holds 3,202,100 common shares and 500,000 share purchase warrants representing an ownership position in AuEx of 12.4% on a partially diluted basis.
The Common Shares and Warrants were acquired for investment purposes. Agnico may acquire additional common shares or warrants of AuEx or dispose of some or all of the common shares or warrants of AuEx currently held.
Agnico purchased the Common Shares and Warrants pursuant to the �accredited investor� prospectus exemption provided in National Instrument 45-106.
About Agnico-Eagle
Agnico-Eagle is a long established Canadian gold producer with operations located in Quebec and Finland and exploration and development activities in Canada, Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is Canada's largest gold deposit in terms of reserves. The Company has full exposure to higher gold prices consistent with its policy of no forward gold sales. It has paid a cash dividend for 27 consecutive years. Agnico-Eagle�s registered office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7.
For further information:
David Smith; VP, Investor Relations
(416) 947-1212
Renmark Financial Communications Inc.
John Boidman: jboidman@renmarkfinancial.com
Henri Perron: hperron@renmarkfinancial.com
Media � Vanessa Napoli: vnapoli@renmarkfinancial.com
Montreal � Tel.: 514-939-3989 / Fax: 514-939-3717
Toronto � Tel.: 416-644-2020 / Fax: 416-644-2021
www.renmarkfinancial.com
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Agnico-Eagle Mines Limited
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PRODUCER |
CODE : AEM.TO |
ISIN : CA0084741085 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Agnico-Eagle is a gold producing company based in Canada. Agnico-Eagle produces gold, copper, lead, silver and zinc in Canada, in Finland and in Mexico, develops copper, gold, lead, silver and zinc in Canada, and holds various exploration projects in Canada. Its main assets in production are LARONDE, LARONDE (EL COCO) MINE, MEADOWBANK and LARONDE EXTENSION in Canada, PINOS ALTOS in Mexico and KITTILA in Finland, its main assets in development are LAPA, GOLDEX and LARONDE in Canada and its main exploration properties are BOUSQUET MINE, JOUTEL, NIGHTHAWK, GERMAN PROPERTY, MOUNTJOY PROPERTY, THORNLOE, REID, NW DELORO, CARR - WILKIE, WHITNEY TISDALE, WARK, EASTER DOME, MELIADINE, ELLISON, BOUSQUET AND ELLISON, COLOMAC MINE, CABALLO BLANCO PROPERTY and VICTORY LAKE in Canada and MORELOS SUR in Mexico. Agnico-Eagle is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 20.5 billions as of today (US$ 15.0 billions, € 14.0 billions). Its stock quote reached its lowest recent point on October 29, 1999 at CA$ 10.10, and its highest recent level on November 13, 2020 at CA$ 99.66. Agnico-Eagle has 230 990 000 shares outstanding. |