Agnico Eagle (AEM) Acquires 11% Stake in Prism Resources

Agnico Eagle Mines Limited (AEM) has completed the acquisition of 5,750,000 common shares of Prism Resources Inc. from Trevali Mining Corporation. The transaction took place at a price of roughly C$0.0174 per common share, amounting to a total consideration of C$100,000 (approximately $74,750). This acquisition was made pursuant to a share purchase agreement dated Feb 13, 2024, between Agnico Eagle and FTI Consulting Canada Inc., acting as the court-appointed monitor of Prism.Prism holds a 7.5% Net Profit I ...