Agnico ups stake in Dumagami to 42%

In return for the shares, Agnico- Eagle will issue to Mentor 1,271,789 Agnico-Eagle shares at $12.25 per share and 197,959 of its own shares to Penna.

As a result of the transaction, Agnico-Eagle holds 3.9 million of Dumagami’s 9.4 million issued shares while Mentor now holds a 13% (2.01 million shares) stake in Agnico-Eagle.

The weighted average number of Agnico-Eagle shares outstanding increases to about 15.04 million following the transaction.

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