Collective investor to subscribe for 789,473 shares

Executive Summary

• Agnico Eagle Mines Ltd. intends to exercise its participation rights in Collective Mining’s $125 million bought‑deal public offering, subscribing for 789,473 common shares at $19 per share.
• The subscription will increase Agnico’s ownership to approximately 14.64 % of Collective Mining’s issued and outstanding common shares post‑offering (assuming no overallotment exercise).
• The private placement will be completed on a non‑brokered basis concurrent with the public offering, subject to exchange approvals and settlement of definitive documentation.

Key Details

• Participation Quantity: 789,473 common shares.
• Issue Price: $19 per share (total consideration ≈ $15.0 million).
• Resulting Ownership: Agnico Eagle will hold ~14.64 % of Collective Mining’s equity after the offering.
• Financing Structure: The subscription is part of a bought‑deal public offering led by BMO Capital Markets and Scotiabank, with Agnico’s purchase executed via a concurrent private placement.
• Regulatory Conditions: Closing contingent on approval from the Toronto Stock Exchange and NYSE American; also subject to execution of definitive documentation.
• Related‑Party Transaction: Qualifies under MI 61‑101 (Protection of Minority Security Holders); exempt from formal valuation/minority shareholder approval because fair market value is < 25 % of Collective’s market cap.
• Reporting Timeline: Company will file a material change report with details of the related‑party transaction at least 21 days prior to closing.

Notable Quotes

(No direct quotes provided in the release.)