Mexico approves sale of CYD to AEM
MEXICAN ANTI-TRUST APPROVAL ATTAINED FOR CAYDEN'S ARRANGEMENT WITH AGNICO EAGLE
Vancouver, British Columbia – November 13th, 2014 – Cayden Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) (“Cayden” or the “Company”) is pleased to announce that Mexican anti-trust approval has been obtained for its previously announced plan of arrangement (the “Arrangement”) with Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle”) pursuant to which Agnico Eagle will acquire all of the issued and outstanding common shares of Cayden, including common shares issuable on the exercise of outstanding options and warrants of Cayden. Receipt of Mexican anti-trust approval follows approval of the Arrangement by Cayden securityholders and by the Supreme Court of British Columbia on October 27, 2014 and October 29, 2014, respectively.
Under the Arrangement, Cayden shareholders will be entitled to receive 0.09 of an Agnico Eagle share and C$0.01 for each Cayden common share held. The Arrangement remains subject to the satisfaction of certain closing conditions customary in a transaction of this nature. It is currently expected that the transaction will be completed by the end of this month.
Full details of the Arrangement and certain other matters are set out in the management information circular of Cayden dated September 26, 2014 (the “Information Circular”). A copy of the Information Circular and other meeting materials can be found on Cayden’s website at www.caydenresources.com or on SEDAR at www.sedar.com
About Cayden Resources
Cayden is a Canadian based exploration company focused on the discovery, financing, and monetization of precious metal assets in two favorable mining jurisdictions in Mexico. The management team of Cayden is highly experienced and has a record of success in the mineral exploration business. For further information regarding Cayden, contact Ivan Bebek - President and CEO, or Jay Adelaar, Manager of Investor Relations, at (778) 729-0600 or visit www.caydenresources.com
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Its nine mines are located in Canada, Finland and Mexico, with exploration and development activities in each of these regions as well as in the United States. Agnico Eagle and its shareholders have full exposure to gold prices due to its long-standing policy of no forward gold sales. Agnico Eagle has declared a cash dividend every year since 1983.
