en.Wedoany.com Reported - Canada's Agnico Eagle Mines Limited has completed the acquisition of all issued and outstanding common shares of Rupert Resources Ltd. The transaction was carried out under the Business Corporations Act of British Columbia, with Agnico Eagle acquiring all Rupert shares it did not previously hold, thereby further consolidating its business presence in the global precious metals market.

Under the terms of the agreement, registered shareholders of Rupert received a mixed consideration for each common share held, consisting of 0.0401 of an Agnico Eagle common share and a Contingent Value Right (CVR). The CVR covers future payments of up to C$3.00 in cash, payable upon the achievement of specific operational milestones within 10 years. Following the transaction, Rupert shares are expected to be immediately delisted from the Toronto Stock Exchange (TSX) and the OTCQX market.

A key component of the transaction is the CVR, which will trade under the ticker symbol "AEM.CV". The CVR has received conditional approval from the TSX under the TSX Sandbox regulatory program, which is designed to evaluate novel financial instruments. This type of CVR is the first of its kind to be listed on the Canadian market, aiming to provide greater liquidity. As part of its commitment, Agnico Eagle will submit quarterly reports on the progress of mineral rights development and annually incorporate the gold reserve balance of the relevant assets into its financial statements.

Agnico Eagle is Canada's largest mining company and the world's second-largest gold producer, with operations spanning Canada, Australia, Finland, and Mexico. Through this acquisition, the company has expanded its portfolio of high-quality projects to strengthen long-term sustainable growth capabilities.

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