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Stock Market & Financial Investment News

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December 20, 2013
07:23 EDTAEMAgnico-Eagle announces investment in Pershimco Resources
Agnico Eagle Mines Limited announced that it has agreed to subscribe for 19.8M units of Pershimco Resources in a private placement at a price of C$47 per unit for total consideration of C$9.306M. Each unit is comprised of one common share of Pershimco and one common share purchase warrant of Pershimco. Each warrant entitles the holder to acquire at any time one common share at a price of C54c for a period of two years from the closing date. The closing of the private placement is subject to the satisfactory completion of due diligence, regulatory approval and other conditions and is scheduled to occur on or about January 10, 2014.
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