Brief: Agnico Eagle Announces Investment In Maple Gold Mines Ltd

Maple Gold Mines

08/10/2020 12:55

Oct 8 (Reuters) - Agnico Eagle Mines Ltd  AEM.TO :
    * 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:  ID:nCNWRYfHca 
Further company coverage:  AEM.TO 

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