(Energy Analytics Institute, 24.Oct.2024) — Agnico Eagle Mines Limited agreed to subscribe for 33,869,939 units of ATEX Resources Inc. in a non-brokered private placement at a price of C$1.63 per unit for total consideration of US$40,000,000 (approximately C$55,208,000).
Each unit consists of 1 common share of ATEX and one-half of 1 common share purchase warrant of ATEX, Agnico said 25 Oct. 2024 in an official statement.
Each warrant entitles the holder to acquire 1 common share at a price of C$2.50 for a period of five years following the closing date of the private placement, subject to acceleration in certain circumstances.
Closing is expected to occur on or about 30 Oct. 2024 and is subject to certain conditions, according to the statement.
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