News today shows that AEM and Goldcorp in friendly relationship!!
"
Agnico Eagle Mines Limited(NYSE: AEM, TSX: AEM) ("Agnico Eagle" or the "Company") announced today that it has entered into an agreement (the "Purchase Agreement") to sell to Goldcorp Inc. ("Goldcorp") (i) 7,320,200 common shares (the "Purchased Shares") of Probe Mines Limited ("Probe") for cash consideration of C$5.00 per Purchased Share, and (ii) 2,347,951 common share purchase warrants of Probe (the "Purchased Warrants") for cash consideration of C$2.90 per Purchased Warrant. Each Purchased Warrant entitles the holder to purchase one common share of Probe (each a "Share") at a price of C$2.10 until May 28, 2015. The Purchased Shares represent approximately 8.1% of the issued and outstanding Shares on a non-diluted basis. The Purchased Shares and the Purchased Warrants collectively represent approximately 10.4% of the issued and outstanding Shares assuming exercise of the Purchased Warrants.
Upon the closing of the transaction, which is expected to occur on or about January 28, 2015, Agnico Eagle will hold (i) no Shares, and (ii) 3,277,049 common share purchase warrants of Probe (the "Remaining Warrants"), each exercisable on the same terms as the Purchased Warrants. The Remaining Warrants represent approximately 3.5% of the issued and outstanding Shares assuming exercise of the Remaining Warrants.
Agnico Eagle disposed of the Purchased Shares and the Purchased Warrants in the ordinary course of business as they were a non-core asset of Agnico Eagle.
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. The Company 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. Agnico Eagle's head office is located at 145 King Street East, Suite 400, Toronto, Ontario, M5C 2Y7."
