Agnico Eagle announces investment in G4G Capital Corp. (proposed to be renamed White Gold Corp.)

6 December 2016

TORONTO, Dec. 5, 2016 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle") announced today that it has entered into a share purchase agreement with G4G Capital Corp. (TSX-V: GCC), which is proposed to be renamed White Gold Corp. (the "Issuer"), pursuant to which Agnico Eagle has agreed to purchase from the Issuer on a private placement basis (the "Transaction") such number of common shares of the Issuer (the "Common Shares") equal to 19.93% of the total issued and outstanding Common Shares on a non-diluted basis as at the closing of the Transaction (after giving effect to the Transaction and other permitted treasury issuances of Common Shares that occur prior to, or concurrently with, the closing of the Transaction). Agnico Eagle will pay $1.20 per Common Share. Closing of the Transaction is expected to occur on or about December 13, 2016 and is subject to certain conditions.