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AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN CARTIER RESOURCES INC.
AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN CARTIER RESOURCES INC. Canada NewsWire ...
About this update from Agnico Eagle Mines Limited
[{"type":"text","content":"\n\n\n\n AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN CARTIER RESOURCES INC.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n Stock Symbol:  AEM (NYSE and TSX)\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 20, 2025\n \n\n /CNW/ -\n \n Agnico Eagle Mines Limited\n \n (NYSE: AEM) (TSX: AEM) (\"Agnico Eagle\") announced today that it has agreed to subscribe for 20,770,000 units (\"Units\") of Cartier Resources Inc. (\"Cartier\") in a non-brokered private placement at a price of\n \n C$0.13\n \n per Unit for total consideration of\n \n C$2,700,100\n \n (the \"Private Placement\"). Each Unit is comprised of one common share of\n \n Cartier\n \n (a \"Common Share\") and one common share purchase warrant of\n \n Cartier\n \n (each, an \"Offering Warrant\"). Each Offering Warrant entitles the holder to acquire one Common Share at a price of\n \n C$0.18\n \n for a period of five years following the closing date of the Private Placement, subject to acceleration in certain circumstances. Closing is expected to occur on or about\n \n April 10, 2025\n \n and is subject to certain conditions.\n \n\n Agnico Eagle currently owns, or exercises control and direction over, an aggregate of 97,022,944 Common Shares and 7,000,000 Common Share purchase warrants entitling Agnico Eagle to acquire 7,000,000 Common Shares (the \"Existing Warrants\"), representing approximately 26.6% of the issued and outstanding Common Shares on an undiluted basis and 28.0% of the issued and outstanding Common Shares on a partially-diluted basis (assuming the exercise of the Existing Warrants). On closing of the Private Placement, assuming that 39,432,000 Common Shares are issued by\n \n Cartier\n \n in connection with the concurrent \"best efforts\" private placement offering announced by\n \n Cartier\n \n , Agnico Eagle will own 117,792,944 Common Shares, 20,770,000 Offering Warrants and 7,000,000 Existing Warrants, representing approximately 27.7% of the issued and outstanding Common Shares on an undiluted basis and approx...