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News Breaks | | | | November 26, 2012 | | 14:20 EDT |  | AEM | Agnico-Eagle sells 9.21% stake in Queenston to Osisko
Agnico-Eagle Mines announced that it has entered into an agreement to sell 7,795,574 common shares of Queenston Mining, which represent approximately 9.21% of the issued and outstanding shares, to Osisko Mining for cash consideration of C$5.43 per Share. Upon the closing of the transaction, which is expected to occur on November 29, Agnico-Eagle will hold no Queenston shares. Agnico-Eagle said it disposed of the shares in the ordinary course of business as they were a non-core asset. | |
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