Agnico Eagle Mines Completes Acquisition of Rupert Resources

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โดย Insider Monkey·Read original
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Agnico Eagle Mines has completed its acquisition of Rupert Resources through a plan of arrangement. Rupert shareholders will receive 0.0401 of an Agnico Eagle common share for each Rupert share owned, along with a contingent value right providing up to C$3.00 in cash if specific milestones are achieved over the next decade. Rupert Resources shares are expected to be delisted from the Toronto Stock Exchange and the OTCQX, and the company will become a non-reporting issuer. The contingent value rights will trade on the TSX under the symbol AEM.CV, with trading expected to commence on June 18. Agnico Eagle committed to quarterly reporting on material developments regarding the acquired properties and annual disclosure of gold mineral reserves, supported by the TSX's Sandbox program.

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