TORONTO, Oct 30, 2002 /PRNewswire-FirstCall via COMTEX/ --Stock Symbols: AEM (NYSE) AGE (TSX) Agnico-Eagle Mines
Limited ("Agnico-Eagle") today announced that it has filed a preliminary short
form prospectus with the securities commissions in each of the provinces of
Canada and a registration statement with the United States Securities and
Exchange Commission in respect of an offering of 11,000,000 units of
Agnico-Eagle. Each unit will consist of one common share and one half of a
common share purchase warrant of Agnico- Eagle. Each whole warrant will entitle
the holder to purchase one common share at any time during the five year term of
the warrant. The joint-lead managers and joint-bookrunners of the underwriting
syndicate are Merrill Lynch & Co. and TD Securities Inc. The transaction is
subject to the receipt of all necessary regulatory and stock exchange approvals.
Agnico-Eagle is an established Canadian gold producer with operations located
principally in Northwestern Quebec and exploration and development activities in
Canada and the Southwestern United States. Agnico-Eagle's operating history
includes three decades of continuous gold production, primarily from underground
mining operations. Current proven and probable reserves stand at 3.3 million
contained ounces, with an additional 5.2 million ounces in the mineral resource
category at its LaRonde Mine.
The registration statement relating to the units filed with the United States
Securities and Exchange Commission has not yet become effective. The units may
not be sold nor may offers to buy be accepted prior to the time the registration
statement becomes effective. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of these
units in any state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state.
Copies of the preliminary short form prospectus may be obtained from Merrill
Lynch & Co., Inc., 250 Vesey Street, New York, NY, 10281, Attention: Syndication
or TD Securities Inc., 66 Wellington Street West, 7th Floor, Toronto, Ontario,
M5K 1A2, Attention: Equity Capital Markets.
This press release contains certain "forward-looking statements" (within the
meaning of the United States Private Securities Litigation Reform Act of 1995)
that involve a number of risks and uncertainties. There can be no assurance that
such statements will prove to be accurate; actual results and future events
could differ materially from those anticipated in such statements. Risks and
uncertainties are disclosed under the heading "Risk Factors" in the Company's
Annual Information Form (AIF) filed with Canadian securities regulators
(including the Ontario and Quebec Securities Commissions) and with the United
States Securities and Exchange Commission (on Form 20-F).
SOURCE Agnico-Eagle Mines Limited
CONTACT:
Sean Boyd, President and CEO, (416) 847-3706;
David Garofalo, V.P. Finance & CFO, (416) 847-3708
(AGE. AEM)
http://www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
|