Agnico-Eagle completes purchase of surface rights at Pinos Altos
Agnico-Eagle Mines Limited announced that it has agreed to issue 900,000 common shares at a price of US$38.00 per share to fund the previously announced purchase of surface rights and advance royalty payments in connection with the development of the Pinos Altos property in Chihuahua State, Mexico. The issuance is scheduled to close on or about December 19, 2008 and is subject to certain conditions, including the execution of definitive documentation and normal regulatory approvals, including the approval of the Toronto Stock Exchange.
The issuance will be made under a prospectus supplement to the Company’s existing shelf prospectus dated December 14, 2006 filed in Canada and under the multijurisdictional disclosure system in the United States. The Company has not engaged the services of any underwriter, broker or dealer in connection with the offering.
