Stock Symbol: AEM
Agnico Eagle Mines Ltd. announced today that it has entered into a transaction with
First Nordic Metals Corp. that will result in Agnico Eagle acquiring 27,954,872 common shares of FNM. Agnico Eagle has agreed to exchange amounts that remain due under the asset purchase agreement between certain subsidiaries of Agnico Eagle, certain subsidiaries of FNM and EMX Royalty Corporation dated March 19, 2021, as amended May 1, 2023 for 27,954,872 Common Shares . The Transaction is being effected by way of a subscription agreement between FNM and Agnico Eagle, whereby Agnico Eagle has agreed to subscribe for 27,954,872 Common Shares at a price of $0.2925 per Common Share for total consideration of approximately $8,176,800 in a non-brokered private placemen...