AGNICO EAGLE ANNOUNCES INVESTMENT IN RADISSON MINING RESOURCES INC.
Agnico Eagle agreed to acquire 53.42 million units of Radisson Mining Resources at C$1.07 per unit for total consideration of C$57.2 million. The investment represents approximately 10.45% of Radisson on a non-diluted basis and includes investor rights such as board nomination and participation in future equity offerings.
Key figures
- Deal Value Usd
- C$57,159,400
- Offering Price
- C$1.07
- Shares Offered
- 53420000
- Units acquired
- 53420000
- Warrants received
- 26710000
- Ownership pct nondiluted
- 10.45%
- Warrant exercise price cad
- C$1.39
- Ownership pct partially diluted
- 14.90%
AI analysis
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