Agnico Eagles reveals additional investment in Maple Gold Mines via private placement

TORONTO, CANADA (By Agnico, 9.Sep.2025) — Agnico Eagle Mines Limited acquired 586,619 units of Maple Gold Mines Ltd. in a non-brokered private placement at a price of $0.60 per unit for total consideration of $351,971.40.

Each unit is comprised of 1 common share of Maple and 1 common share purchase warrant of Maple. Each warrant entitles the holder to acquire one common share at a price of C$0.85 for a period of 36 months following the date of issue, subject to acceleration in certain circumstances.

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On 24 Jun. 2024, Agnico Eagle filed an early warning report disclosing that it owned common shares representing approximately 19.9% of the then issued and outstanding common shares on a non-diluted basis. Thereafter, Maple completed certain dilutive securities issuances which reduced Agnico Eagle’s ownership interest to approximately 16.32%.

Prior to the private placement, Agnico Eagle owned 7,467,426 common shares, representing approximately 16.32% of the issued and outstanding common shares on a non-diluted basis. Following the private placement, Agnico Eagle owns 8,054,045 common shares and 586,619 warrants, representing approximately 15.38% of the issued and outstanding common shares on a non-diluted basis and 16.32% of the issued and outstanding common shares on a partially-diluted basis, assuming exercise of the warrants held by Agnico Eagle and after giving effect to all other security issuances completed by Maple concurrently with the private placement.

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Agnico Eagle and Maple are party to an investor rights agreement dated 13 Oct. 2020, pursuant to which Agnico Eagle is entitled to certain rights, provided Agnico Eagle maintains certain ownership thresholds in Maple, including:

(a) the right to participate in equity financings in order to maintain its pro rata ownership in Maple at the time of such financing or acquire up to a 19.90% ownership interest in Maple; and

(b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of Maple to 8 or more directors, 2 persons) to the board of directors of Maple.

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Agnico Eagle acquired the common shares and warrants as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional common shares, common share purchase warrants or other securities of Maple, or dispose of some or all of the common shares, warrants or other securities of Maple that it owns at such time.

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