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Agnico Eagle announces investment in G4G Capital Corp. (proposed to be renamed White Gold Corp.)
Agnico Eagle announces investment in G4G Capital Corp. (proposed to be renamed White Gold ...
About this update from Agnico Eagle Mines Limited
[{"type":"text","content":"\n\n\n\nAgnico Eagle announces investment in G4G Capital Corp. (proposed to be renamed White Gold Corp.)\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nAgnico Eagle announces investment in G4G Capital Corp. (proposed to be renamed White Gold Corp.)\nCanada NewsWire\nTORONTO, Dec. 5, 2016\n\n\n\n(All amounts expressed in Canadian dollars unless otherwise noted)\n\n\n\nTORONTO, Dec. 5, 2016 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (\"Agnico Eagle\") announced today that it has entered into a share purchase agreement with G4G Capital Corp. (TSX-V: GCC), which is proposed to be renamed White Gold Corp. (the \"Issuer\"), pursuant to which Agnico Eagle has agreed to purchase from the Issuer on a private placement basis (the \"Transaction\") such number of common shares of the Issuer (the \"Common Shares\") equal to 19.93% of the total issued and outstanding Common Shares on a non-diluted basis as at the closing of the Transaction (after giving effect to the Transaction and other permitted treasury issuances of Common Shares that occur prior to, or concurrently with, the closing of the Transaction). Agnico Eagle will pay $1.20 per Common Share. Closing of the Transaction is expected to occur on or about December 13, 2016 and is subject to certain conditions.\n\nOn closing of the Transaction, Agnico Eagle and the Issuer will enter into an investor rights agreement (the \"Investor Rights Agreement) pursuant to which Agnico Eagle will (i) have the right to participate in certain equity financings by the Issuer in order to maintain its 19.93% interest in the Issuer, and (ii) have the right (which it has no present intention to exercise) to nominate one person (and in the case of an increase in the size of the board of directors of the Issuer to 10 or more directors, two persons) to the board of directors of the Issuer. The Investor Rights Agreement will provide the Issuer with the right to designate a purchaser in the event that Agnico Eagle wishes to sell more than 5% of its Common Shares. Under the Investor Rig...