Agnico Eagle(US:AEM) Prnewswire·2025-10-09 13:15Core Viewpoint - Agnico Eagle Mines Limited has acquired 5,000,000 subscription receipts from Fuerte Metals Corporation for a total of C$8,250,000, aligning with its strategy of investing in projects with high geological potential [1][2]. Investment Details - The subscription receipts were purchased at a price of C$1.65 each, as part of a brokered private placement [1]. - Upon meeting certain escrow release conditions, each subscription receipt will convert into one unit of Fuerte, which includes one common share and one warrant [3]. Ownership Structure - Prior to the private placement, Agnico Eagle owned approximately 8.43% of Fuerte's common shares. After the transaction, it is expected to own approximately 8.12% on a non-diluted basis and 11.65% on a partially-diluted basis, assuming the exercise of the warrants [4]. Rights and Agreements - Agnico Eagle has an investor rights agreement with Fuerte, allowing it to maintain its ownership percentage and nominate board members under certain conditions [5]. - The company may acquire additional securities of Fuerte or dispose of its holdings depending on market conditions and strategic priorities [6]. Company Background - Agnico Eagle is Canada's largest mining company and the second-largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [9].