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Agnico-Eagle Mines Limited
Agnico-Eagle agrees to purchase investment in Comaplex Minerals
August 1st, 2008
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. Agnico-Eagle has agreed to pay Troy C$6.15 per share of Comaplex, or $46.9 million in cash. Agnico-Eagle has also agreed...
Source: Health Business Week (2008-08-01)
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