Agnico Eagle to Receive C$32M for Project Sale With Milestone Payments
Under the Purchase Agreement, Agnico Eagle will receive Vizsla Copper shares valued at about C$32,037,734, including an upfront stake and additional deferred shares after disinterested shareholder approval. The deal also includes milestone payments tied to Delta’s resource estimate, feasibility study completion, and commercial production, with certain ownership or exchange-acceptance conditions requiring cash instead of shares.
Coverage (7)
- Agnico Eagle Mines (NYSE:AEM) Rides Gold's Climb Toward Record Territory (kalkinemedia.com)
- Agnico Eagle Mines (AEM) Backs $20 Million Hope Bay Power Shift And Alaska Exit (simplywall.st)
- Agnico Eagle to Sell Delta and Helm Bay Projects to Vizsla Copper (finance.yahoo.com)
- Vizsla Copper acquires Alaska projects from Agnico Eagle (mining.com.au)
- Agnico Eagle sells Delta and Helm Bay projects ... (pluang.com)
- Agnico Eagle Agrees to Sell Projects for About C$32M (stocktitan.net)
- AGNICO EAGLE ANNOUNCES DISPOSITION OF DELTA AND HELM BAY PROJECTS AND INVESTMENT IN VIZSLA COPPER (prnewswire.com)