Agnico Eagle sells all 47.94M shares of Royal Road

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.