Prism Resources shareholders approve $5 million royalty sale to Agnico Eagle

Corporate Action
โดย Newsfile Corp.·Read original
Summary · why it matters

Prism Resources shareholders have approved the sale of a 7.5% net profit interest royalty over properties in Ontario’s Porcupine Mining District to Agnico Eagle Mines for $5 million in cash. The special resolution passed with 93.81% support from all shareholders and 90.74% from disinterested shareholders, exceeding the required two-thirds and majority thresholds. The royalty constitutes substantially all of the company’s assets. Completion remains subject to final TSX Venture Exchange approval and is expected by month-end.

Impact on stocks 1

Critical Materials & Supply Chain▲ · 1 stocks
Agnico Eagle Mines Limited
AEM
▲ PositiveCapitalrelevance

Agnico Eagle acquires a 7.5% royalty over Porcupine properties for $5M, adding a low-cost asset.

Off-coverage companies 1

Prism Resources IncPrivate▲ Positive
Capitalrelevance

Shareholders approved the sale of substantially all assets for $5M, providing a cash exit.

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