Agnico Eagle Expands Investment in Collective Mining with C$63.4 Million Commitment
Source: Investing News Network
2025-03-17 12:25:00 ET
Agnico Eagle Mines ( TSX : AEM ,NYSE:AEM) said it has expanded its investment in Collective Mining (TSX:CNL,NYSE:CNL) through a non-brokered private placement valued at C$52.16 million.
The company will purchase 4,741,984 common shares of Collective at C$11 each via the private placement, alongside the early exercise of 2,250,000 previously held common share purchase warrants at C$5.01 each.
Upon closing, Agnico Eagle will hold approximately 14.99 percent of Collective's outstanding common shares on a non-diluted basis. The transaction is expected to close on or about March 20, 2025, pending regulatory approvals.
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Agnico Eagle Expands Investment in Collective Mining with C$63.4 Million Commitment
Collective Mining Ltd
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