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Agnico Eagle to Invest in Radisson Mining Resources Private Placement

Agnico Eagle Mines logoAgnico Eagle Mines
Sig2.30Sen+3.00Env0.00Soc0.00Gov0.00

Agnico Eagle plans to invest in Radisson Mining Resources through a private placement, buying units made up of Radisson common shares and warrants exercisable at C$1.39 for up to 60 months. After closing, Agnico Eagle is expected to hold about 53.42 million common shares and 26.71 million warrants, representing roughly 10.45% ownership on a non-diluted basis and 14.90% on a partially diluted basis.

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