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Stock impact report

Agnico (AEM) Exercises Participation Rights in Collective Mining Offering [Yahoo! Finance]

Collective Mining Ltd. Common Shares (CNL) 
US:NYSE Investor Relations: cleco.com/newsroom
Company Research Source: Yahoo! Finance
Mining – a Canadian mineral exploration company – launched a C$125 million ($89.63 million) public offering of common shares. The offering was structured as a “bought deal” and was led by BMO Capital Markets and Scotiabank. Agnico Eagle, which has contractual participation rights in Collective Mining's equity financings, intends to subscribe for 789,473 Common Shares at an issue price of C$19.00 ($13.62) per share. Agnico (AEM) Exercises Participation Rights in Collective Mining Offering Pushish Images/Shutterstock.com If the underwriters' overallotment option is not exercised, the completion of this transaction will result in Agnico Eagle's holding of Collective Mining's issued and outstanding common shares reaching 14.64%. Agnico Eagle will acquire the shares through a non-brokered private placement that is expected to close concurrently with the public offering. Both the public offering and the private placement are subject to regulatory approvals from the Toronto Stock Excha Show less Read more
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