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Article: Agnico-Eagle agrees to purchase investment in Comaplex Minerals.
- Article from:
- Science Letter
- Article date:
- July 29, 2008
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Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") announced that it has agreed to purchase 7,628,571 common shares, or approximately 14.5%, of Comaplex Minerals Corp. ("Comaplex") from Troy Resources NL ("Troy") in a private transaction. Upon the closing of the transaction, Agnico-Eagle's interest in Comaplex would be 8,228,571 common shares (approximately 15.6% of the outstanding common shares), which Agnico-Eagle believes would make it the largest single shareholder of Comaplex. The agreement is subject to customary closing conditions (see also Agnico-Eagle Mines Limited).
Agnico-Eagle has agreed to pay Troy C$6.15 per share of Comaplex, or $46.9 ...