Agnico Eagle to buy Radisson units in private placement
Agnico Eagle agreed to buy 53,420,000 Radisson units in a non-brokered private placement for C$57.16 million at C$1.07 each.
Each unit includes one Class A common share and one-half common share purchase warrant exercisable at C$1.39 for 60 months.
Closing is expected around Sept. 2, 2026, subject to TSX Venture Exchange approval.
After closing, Agnico Eagle's stake is expected to be about 10.45% on a non-diluted basis, rising to about 14.9% on a partially diluted basis.
An investor rights agreement is expected to grant board nomination rights, participation rights up to 14.9%, and restrictions on certain property transactions through Dec. 31, 2028.
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