AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN MAPLE GOLD MINES LTD.

Executive Summary

• Agnico Eagle Mines Limited purchased 586,619 units of Maple Gold Mines Ltd. in a private placement at $0.60 per unit for total consideration of $351,971.40.
• The transaction increases Agnico Eagle’s holdings to 8,054,045 common shares and 586,619 warrants, representing ~15.38% of Maple’s non‑diluted equity (16.32% on a partially‑diluted basis).
• The investment is part of Agnico Eagle’s strategy to acquire strategic positions in high‑potential exploration assets; the company retains rights to maintain or increase its ownership and to nominate board members under an existing investor rights agreement.

Key Details

• Units Acquired: 586,619 (each unit = 1 common share + 1 warrant).
• Purchase Price: $0.60 per unit.
• Total Consideration: $351,971.40 CAD.
• Warrant Terms: Each warrant allows purchase of one Maple common share at C$0.85 for 36 months from issuance, with possible acceleration in certain circumstances.
• Pre‑Transaction Ownership: 7,467,426 common shares (~16.32% non‑diluted).
• Post‑Transaction Ownership: 8,054,045 common shares and 586,619 warrants (~15.38% non‑diluted; 16.32% partially‑diluted assuming warrant exercise).
• Investor Rights Agreement (Oct 13 2020):
• Right to participate in future equity financings to maintain pro‑rata ownership up to a 19.90% stake.
• Right (currently not exercised) to nominate one director, or two if Maple’s board expands to eight or more members.
• Strategic Rationale: Enhances Agnico Eagle’s exposure to Maple’s high‑geological‑potential projects; may acquire additional securities or dispose of holdings based on market conditions and strategic priorities.
• Regulatory Filing: An amended early warning report will be filed with the relevant securities regulators.

Notable Quotes

(No direct quotes were provided in the release.)