en.Wedoany.com Reported - Canadian mining company Agnico Eagle Mines (NYSE: AEM) has completed the acquisition of Rupert Resources (TSX: RUP), gaining full control of the Ikkari gold project in Finland.

Under the agreement, each Rupert share is exchangeable for 0.0401 shares of Agnico Eagle, along with a Contingent Value Right (CVR) that could pay up to C$3 (US$3.03) over 10 years upon achieving specific milestones. This CVR is the first such financial instrument listed under the Toronto Stock Exchange's new securities sandbox program.

The acquisition brings the Ikkari gold project, located in the Central Lapland Greenstone Belt in Finland, into Agnico Eagle's portfolio. The deal further strengthens Agnico Eagle's presence in Finland, where the company already operates mining assets, adding a development-stage gold project to growth opportunities within its existing mining jurisdictions.

Agnico Eagle Mines operates mines in Canada, Australia, Finland, and Mexico, and is the world's second-largest gold producer.

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