25 July 2016
July 25, 2016
(All amounts expressed in Canadian dollars unless otherwise noted)
TORONTO, July 25, 2016 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle") announced today that, on July 22, 2016, Agnico Eagle agreed to purchase 14,922,760 common shares (the "Subject Shares") of Belo Sun Mining Corp. (TSX:BSX) ("Belo Sun") pursuant to Belo Sun's previously announced underwritten public offering of 77,320,000 common shares (the "Offering"). Agnico Eagle will pay Cdn.$0.85 per Subject Share, for total consideration of Cdn.$12,684,346. Agnico Eagle understands that closing of the Offering is expected to occur on or about July 27, 2016.