BRIEF-Agnico Eagle Announces Investment In Maple Gold Mines Ltd

Agnico Eagle: 3 mines operating & 3 new gold mines soon.

Gold production to double to 590,000 ounces in 2009, double again to 1.2 million ounces in 2010.

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BRIEF-Agnico Eagle Announces Investment In Maple Gold Mines Ltd

posted on Oct 08, 2020 09:29AM

2020-10-08 07:55:42 AM ET (Reuters)

Oct 8 (Reuters) - Agnico Eagle Mines Ltd:

* AGNICO EAGLE ANNOUNCES INVESTMENT IN MAPLE GOLD MINES LTD.

* AGNICO EAGLE MINES - TO SUBSCRIBE FOR 25.8 MILLION UNITS OF MAPLE GOLD MINES LTD. IN A NON-BROKERED PRIVATE PLACEMENT AT A PRICE OF $0.239 PER UNIT

* AGNICO EAGLE MINES LTD - AGNICO EAGLE AND MAPLE HAVE ENTERED INTO A BINDING TERM SHEET THAT CONTEMPLATES FORMATION OF A 50-50 JOINT-VENTURE

* AGNICO EAGLE MINES - BINDING TERM SHEET PROVIDES, AMONG OTHER THINGS, AGNICO EAGLE WILL FUND $18 MILLION IN EXPLORATION EXPENSES OVER A FOUR-YEAR PERIOD

* AGNICO EAGLE MINES - AGNICO EAGLE AND MAPLE WILL JOINTLY FUND AN ADDITIONAL $500,000 IN EXPLORATION OF VMS TARGETS ON WESTERN PORTION OF DOUAY PROJECT

* AGNICO EAGLE MINES - CO, MAPLE WILL EACH BE GRANTED A 2% NSR ON PROPERTY THAT THEY CONTRIBUTE TO JV, EACH WITH BUYBACK PROVISIONS OF US$40 MILLION Source text for Eikon: Further company coverage:

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