26 November 2021
The resolution was approved by approximately 99.86% of the votes cast by Agnico Eagle shareholders at the Meeting, with a shareholder turnout of 69.62%. Detailed voting results for the resolution are as follows:
|
Total Votes |
Percentage of Votes Cast |
|
|
Votes For |
170,255,128 |
99.862% |
|
Votes Against |
234,645 |
0.138% |
|
Total Votes Cast |
170,489,773 |
100.000% |
In addition to the approval by Agnico Eagle shareholders, Kirkland Lake Gold shareholders approved the Merger at the special meeting of Kirkland Lake Gold shareholders held earlier today.
"I would like to thank our shareholders and the shareholders at Kirkland Lake Gold for supporting the merger of the two companies. We are very excited about the transaction as it positions Agnico Eagle as the leading low risk global gold company with growing production, low costs and strong ESG leadership," said Sean Boyd, Agnico Eagle's Chief Executive Officer. "Our near-term focus will be on completing the integration plan for the two companies while we await the final regulatory approvals. We look forward to providing additional information on the combined businesses once the transaction has been finalized, which is expected to occur in the first quarter of 2022," added Mr. Boyd.
Completion of the Merger is subject to the granting of the final order (the "Final Order") by the Ontario Superior Court of Justice (Commercial List) (the "Court"), approval of the Australian Foreign Investment Review Board ("FIRB Approval") and the satisfaction or waiver of other customary closing conditions. It is currently expected that the effective date of the Merger will occur during the first quarter of 2022.