AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN OSISKO METALS INCORPORATED

Executive Summary

• Agnico Eagle Mines Limited completed a non‑brokered private placement, acquiring 26 million common shares of Osisko Metals Inc. for C$0.48 per share, totaling C$12.48 million.
• The purchase raises Agnico Eagle’s ownership in Osisko to approximately 9.85% on a non‑diluted basis (≈12.49% partially diluted), enhancing its strategic position in the high‑potential junior miner.
• An amended and restated investor rights agreement was executed, granting Agnico Eagle participation rights in future equity financings and potential board nomination rights upon meeting ownership thresholds.

Key Details

• Transaction Structure: Non‑brokered private placement of 26,000,000 common shares at C$0.48 per share.
• Total Consideration: C$12,480,000 paid in cash.
• Pre‑transaction Ownership: 41,210,000 common shares + 20,605,000 warrants (≈6.71% non‑diluted, ≈9.73% partially diluted).
• Post‑transaction Ownership: 67,210,000 common shares + 20,605,000 warrants (≈9.85% non‑diluted, ≈12.49% partially diluted).
• Investor Rights Agreement: Amended and restated agreement provides:
• Right to participate in future equity financings to maintain ownership thresholds.
• Conditional right (currently not exercisable) to nominate one or two directors to Osisko’s board, dependent on achieving specified ownership levels and board size.
• Future Flexibility: Agnico Eagle may acquire additional securities of Osisko or dispose of existing holdings, subject to market conditions and strategic priorities.
• Regulatory Filing: An early‑warning report will be filed in accordance with applicable securities laws.

Notable Quotes

(No direct quotes were included in the release.)