Agnico-Eagle Mines Limited (AEM.TO) entered into an agreement to subscribe for 9.6 million units of ATAC Resources Ltd. in a private placement at a price of $1.35 per unit, for a total consideration of $12.96 million. Each unit is comprised of one common share of ATC and one half of a common share purchase warrant.
On closing of the private placement, Agnico will hold 9.6 million common shares and 4.8 million warrants, representing 8.48% of the issued and outstanding common shares on a non-diluted basis.
AEM edged up 1% to $41.32, with 52-week range of $31.91 - $56.99.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
