Agnico-Eagle invests C$11.25M in Probe Mines Agnico Eagle Mines announced that it has entered into an agreement with Cormark Securities and Probe pursuant to which Agnico has agreed to purchase 7.5M units of Probe from Cormark at a price of $1.50 per Unit for total consideration of $11.25M. Each Unit is comprised of one common share of Probe and three-quarters of one common share purchase warrant of Probe. Each Warrant entitles the holder to acquire one Common Share at a price of $2.10 for a period of two years from the closing date. Closing of the transaction is expected to occur on or about May 28.
