BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 30.Mar.2026, Words: 260) — Agnico Eagle Mines Limited agreed to acquire 19,315,300 units of Cascadia Minerals Ltd. at a price of C$0.26 per unit for total consideration of C$5,021,978 under a non-brokered private placement.
Each unit is comprised of 1 common share of Cascadia and 1/2 of 1 common share purchase warrant of Cascadia (each whole common share purchase warrant).
Each warrant entitles the holder to acquire 1 common share at a price of $0.32 for a period of two years following the date of issuance, Agnico announced on 30 Mar. 2026 in an official statement.
Agnico Eagle has also agreed to acquire 10,000,000 units at a price of C$0.26 per unit for total consideration of C$2,600,000 from several sellers that will be participating in an offering of flow-through units by Cascadia immediately prior to the unit purchases.
The private placement and the unit purchases are subject to certain closing conditions, including approval of the TSX Venture Exchange, and are expected to close on or about 17 Apr. 2026.
Agnico Eagle does not currently own any common shares or warrants. On closing of the private placement and the unit purchases, Agnico Eagle is expected to own 29,315,300 common shares and 14,657,650 warrants, representing approximately 14.21% of the issued and outstanding common shares on a non-diluted basis and approximately 19.90% of the common shares on a partially-diluted basis (assuming exercise of the warrants held by Agnico Eagle at such time).
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By Steve Stewart reporting from Baton Rouge. © 1999-2026 Energy Analytics Institute (EAI). All Rights Reserved.
