(All amounts expressed in Canadian dollars unless otherwise noted)
Agnico Eagle currently owns 10,120,000 Common Shares, representing approximately 7.8% of the issued and outstanding Common Shares on a non-diluted basis. On closing of the private placement, Agnico Eagle will own 23,453,333 Common Shares and 6,666,667 Warrants, representing approximately 15.94% of the issued and outstanding Common Shares on a non-diluted basis and 19.59% of the issued and outstanding Common Shares on a partially-diluted basis.
Agnico Eagle and Candelaria entered into an investor rights agreement on
Agnico Eagle is acquiring the Common Shares and the Warrants for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares, common share purchase warrants or other securities of Candelaria or dispose of some or all of the Common Shares, common share purchase warrants or other securities of Candelaria that it owns at such time.
An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:
Telephone: 416-947-1212
Agnico Eagle's head office is located at
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Its operating mines are located in
Forward-Looking Statements
The information in this news release has been prepared as at
Forward-looking statements in this news release include, without limitation, statements relating to the expected closing date of the private placement, Agnico Eagle's ownership interest in Candelaria upon closing of the private placement, Agnico Eagle's acquisition or disposition of securities of Candelaria in the future and the terms of the investor rights agreement.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.
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