21 January 2015
January 21, 2015
Stock Symbol: AEM (NYSE and TSX)
TORONTO, Jan. 21, 2015 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle" or the "Company") announced today that it has entered into an agreement (the "Purchase Agreement") to sell to Goldcorp Inc. ("Goldcorp") (i) 7,320,200 common shares (the "Purchased Shares") of Probe Mines Limited ("Probe") for cash consideration of C$5.00 per Purchased Share, and (ii) 2,347,951 common share purchase warrants of Probe (the "Purchased Warrants") for cash consideration of C$2.90 per Purchased Warrant. Each Purchased Warrant entitles the holder to purchase one common share of Probe (each a "Share") at a price of C$2.10 until May 28, 2015. The Purchased Shares represent approximately 8.1% of the issued and outstanding Shares on a non-diluted basis. The Purchased Shares and the Purchased Warrants collectively represent approximately 10.4% of the issued and outstanding Shares assuming exercise of the Purchased Warrants.