Agnico Eagle unit Avenir Minerals buys 666,667 Canada Nickel units at C$1.5 each
AEM•Investor rights agreement terms
An investor rights agreement allows participation in equity offerings to maintain up to 15.6% on a partially diluted basis; a board nomination right is not intended.
Avenir's post-deal holdings and ownership level
Post-deal, Avenir holds 22,467,926 shares and 8,293,962 warrants, representing 8.68% on a non-diluted basis and 11.52% on a partially diluted basis.
Avenir Minerals buys Canada Nickel units in private placement
Agnico Eagle subsidiary Avenir Minerals bought 666,667 Canada Nickel units at C$1.5 each in a private placement, investing C$1 million.
Units include one common share and one-half warrant; each warrant allows the purchase of one common share at C$2.25 within 36 months.
