AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN MAPLE GOLD MINES LTD.

Executive Summary

• Agnico Eagle purchased 586,619 units of Maple Gold Mines Ltd. for $351,971.40 in a non‑brokered private placement at $0.60 per unit.
• The transaction increases Agnico Eagle’s ownership to approximately 15.38% (non‑diluted) and 16.32% on a partially‑diluted basis, with the ability to exercise warrants for additional shares.
• No immediate intention to nominate board members; Agnico Eagle retains rights under its existing investor rights agreement to maintain or increase its stake in future financings.

Key Details

• Units Acquired: 586,619 (each unit = 1 common share + 1 warrant).
• Purchase Price: $0.60 per unit; total consideration $351,971.40.
• Warrant Terms: Each warrant allows purchase of one Maple common share at C$0.85 for 36 months from issue date, with acceleration provisions 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 full warrant exercise).
• Investor Rights Agreement (Oct 13 2020):
• Right to participate in future equity financings to maintain pro‑rata ownership or acquire up to a 19.90% stake.
• Right (not presently exercised) to nominate one director (or two if Maple’s board expands to ≥8 members).
• Strategic Rationale: Strengthen strategic position in high‑potential geological assets; potential for additional acquisitions or disposals of Maple securities based on market conditions and corporate priorities.
• Regulatory Filing: Agnico Eagle will file an amended early warning report to reflect the updated ownership percentage.

Notable Quotes

(No direct quotes were provided in the release.)