Sarama Completes Tranche 1 Fairness Placement and ASX Cleaning Discover

Previous to the Share Buy, Agnico Eagle owned 40,852,415 Widespread Shares, representing roughly 11.97% of the issued and excellent Widespread Shares on a non-diluted foundation. Following the Share Buy, Agnico Eagle owns 74,674,257 Widespread Shares, representing roughly 19.9% of the issued and excellent Widespread Shares on a non-diluted foundation.

Agnico Eagle and Maple entered into an investor rights settlement dated October 13, 2020 , pursuant to which Agnico Eagle is entitled to sure rights, offered Agnico Eagle maintains sure possession thresholds in Maple, together with: (a) the appropriate to take part in fairness financings as a way to preserve its professional rata possession in Maple on the time of such financing or purchase as much as a 19.90% possession curiosity in Maple; and (b) the appropriate (which Agnico Eagle has no current intention of exercising) to appoint one particular person (and within the case of a rise within the dimension of the board of administrators of Maple to eight or extra administrators, two individuals) to the board of administrators of Maple.

Agnico Eagle acquired the Widespread Shares for funding functions. Relying on market situations and different components, Agnico Eagle might, sometimes, purchase extra Widespread Shares or different securities of Maple or get rid of some or all the Widespread Shares or different securities of Maple that it owns at such time.

Agnico Eagle and Maple entered right into a conveyance and choice settlement dated June 20, 2024 (the “Conveyance and Choice Settlement”), pursuant to which, topic to the satisfaction of sure closing situations: (a) the prevailing three way partnership settlement dated February 2, 2021 between, amongst others, Agnico Eagle and Maple shall be terminated; (b) Maple will receive a 100% possession curiosity within the Douay Gold Mission and Joutel Gold Mission (the “Initiatives”); (c) Maple will grant Agnico Eagle a 1.0% internet smelter return royalty in respect of the Initiatives; and (d) Agnico Eagle will retain sure choices to amass a 50% possession curiosity within the Initiatives.

An amended early warning report shall be filed by Agnico Eagle in accordance with relevant securities legal guidelines. To acquire a duplicate of the early warning report, please contact:

Agnico Eagle Mines Restricted
c/o Investor Relations
145 King Road East , Suite 400
Toronto , Ontario M5C 2Y7
Phone: 416-947-1212
E-mail: investor.relations@agnicoeagle.com

Agnico Eagle’s head workplace is positioned at 145 King Road East, Suite 400, Toronto, Ontario M5C 2Y7. Maple’s head workplace is positioned at 1111 West Hasting Road, sixth Ground Vancouver, British Columbia V6E 2J3.

About Agnico Eagle

Agnico Eagle is a Canadian primarily based and led senior gold mining firm and the third largest gold producer on the planet, producing treasured metals from operations in Canada , Australia , Finland and Mexico . It has a pipeline of high-quality exploration and improvement initiatives in these nations in addition to in america . Agnico Eagle is a companion of alternative throughout the mining business, acknowledged globally for its main environmental, social and governance practices. Agnico Eagle was based in 1957 and has constantly created worth for its shareholders, declaring a money dividend yearly since 1983.

Ahead-Trying Statements

The knowledge on this information launch has been ready as at June 24, 2024 . Sure statements on this information launch, referred to herein as “forward-looking statements”, represent “forward-looking statements” throughout the which means of america Non-public Securities Litigation Reform Act of 1995 and “forward-looking data” beneath the provisions of Canadian provincial securities legal guidelines. These statements will be recognized by way of phrases reminiscent of “might”, “will” or comparable phrases.

Ahead-looking statements on this information launch embody, with out limitation, statements regarding Agnico Eagle’s acquisition or disposition of securities of Maple sooner or later and the closing of the transactions contemplated within the Conveyance and Choice Settlement and any rights exercisable by Agnico Eagle thereunder.

Ahead-looking statements are essentially primarily based upon numerous components and assumptions that, whereas thought of affordable by Agnico Eagle as of the date of such statements, are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. Many components, recognized and unknown, might trigger precise outcomes to be materially completely different from these expressed or implied by such forward-looking statements. Readers are cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date made. Aside from as required by legislation, Agnico Eagle doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements.