Agnico Eagle to invest in Cascadia Minerals

Agnico Eagle Mines has committed to an investment of C$5.02m ($3.6m) in Cascadia Minerals and is planning to purchase 19.31 million units at C$0.26 ($0.18) per unit through a non-brokered private placement. Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the acquisition of an additional common share at C$0.32 within two years. In a separate transaction, Agnico Eagle intends to buy 10 million units from several sellers participating ...