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M&A / Property

Agnico Eagle sells all 47.94M shares of Royal Road

By The Northwire Desk — AI Analysis Sep 29, 2025 · 16:54 RYR · 0.16 Royal Road Minerals Limited
RYR · Price

Executive Summary

  • Agnico Eagle Mines Ltd. has completed the disposition of its entire stake in Royal Road Minerals Limited, selling all 47,944,981 ordinary shares held.
  • The transaction was executed through the Toronto Stock Exchange at a price of 11.5 cents per share, generating total gross proceeds of $5,513,673.
  • Following this sale, Agnico Eagle no longer holds any beneficial ownership or control over Royal Road Minerals, having previously held approximately 18% of the issued and outstanding shares.

Key Details

  • Transaction Type: Disposition of equity interest (Divestiture).
  • Seller: Agnico Eagle Mines Ltd.
  • Target: Royal Road Minerals Limited.
  • Quantity Sold: 47,944,981 ordinary shares.
  • Sale Price: 11.5 cents per ordinary share.
  • Total Consideration: $5,513,673.
  • Pre-Transaction Holding: 47,944,981 shares, representing approximately 18% of issued and outstanding ordinary shares on a non-diluted basis.
  • Post-Transaction Holding: 0 shares (full exit).
  • Strategic Rationale: Agnico Eagle stated the disposition was to monetize the investment and align with its strategy of reviewing investments against strategic priorities; the company has no current intention to acquire shares in Royal Road.
  • Regulatory Filings: An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws.
Read the original news release →

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