Corporate ActionAug 12, 2026, 04:18 PM
Agnico Eagle Establishes Contingent Value Rights for Rupert Resources Acquisition
AI Summary
Agnico Eagle Mines Limited has established a Contingent Value Rights (CVR) Agreement with Computershare Trust Company of Canada, dated June 16, 2026. This agreement outlines the issuance of up to 207,654,166 CVRs as partial consideration for the acquisition of Rupert Resources. Each CVR offers holders up to $3.00 in cash, contingent upon the achievement of specific gold reserve and production milestones from the acquired property within ten years.
Key Highlights
- Agnico Eagle to issue up to 207,654,166 Contingent Value Rights (CVRs).
- Each CVR entitles holder to up to $3.00 in cash upon milestone achievement.
- First Payment Condition: 5,000,000 ounces of gold in Mineral Reserves ($1.00).
- Second Payment Condition: Commercial Production and 7,500,000 ounces gold ($1.00).
- Third Payment Condition: Commercial Production and 10,000,000 ounces gold ($1.00).
- CVRs expire ten years after the Effective Date of the Arrangement.
- Computershare Trust Company of Canada appointed as the Rights Agent.
Price Impact
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