Agnico Eagle Announces Investment in Maple Gold Mines Ltd.

About this update from Agnico Eagle Mines Limited

[{"type":"text","content":"AgnicoInvestMapleGold\n \n \n \n Agnico Eagle Announces Investment in Maple Gold Mines Ltd.\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n TORONTO, Oct. 8, 2020\n \n \n \n \n \n (\n \n \n All amounts expressed in Canadian dollars unless otherwise noted)\n \n \n \n \n TORONTO\n \n ,\n \n Oct. 8, 2020\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 25,838,821 units (\"Units\") of Maple Gold Mines Ltd. (TSX-V: MGM) (\"Maple\") in a non-brokered private placement at a price of\n \n $0.239\n \n per Unit for total consideration of approximately\n \n $6,175,478\n \n (the \"Private Placement\").  Each Unit is comprised of one common share of Maple (a \"Common Share\") and one common share purchase warrant of Maple (a \"Warrant\").  Each Warrant entitles the holder to acquire one Common Share at a price of\n \n $0.34\n \n for a period of three years following the closing date of the Private Placement, subject to acceleration of the expiry date, at the option of Maple, in the event the Common Shares trade on the TSX-V above\n \n $0.60\n \n for a period of twenty consecutive trading days at any time following two years from the closing date of the Private Placement.  Closing is expected to occur on or about\n \n October 9, 2020\n \n and is subject to certain conditions.\n \n \n In addition to the Private Placement, Agnico Eagle and Maple have entered into a binding term sheet (the \"Binding Term Sheet\") that contemplates the formation of a 50-50 joint-venture, which will combine Maple's Douay Project and Agnico Eagle's Joutel Project into a consolidated joint property package (the \"Joint Venture\").  The Douay Project and Joutel Project are adjacent properties located in the Abitibi region of\n \n Quebec\n \n , and the Joutel Project hosted Agnico's past-producing Telbel mine.  Subject to the terms and conditions of the Binding Term Sheet, Agnico Eagle and\n \n Maple Gold\n \n have agre...

More updates from Agnico Eagle Mines Limited