TORONTO, Nov. 26, 2021 /PRNewswire/ - Agnico Eagle
Mines Limited (TSX: AEM) (NYSE: AEM) ("Agnico Eagle") is
pleased to announce that at a special meeting of shareholders held
earlier today (the "Meeting"), Agnico Eagle shareholders
voted overwhelmingly in favour of the resolution approving the
issuance of Agnico Eagle common shares in connection with the
proposed merger with Kirkland Lake Gold Ltd. ("Kirkland Lake
Gold") by way of a plan of arrangement under the Business
Corporations Act (Ontario)
(the "Merger").
The resolution was approved by approximately 99.86% of the votes
cast by Agnico Eagle shareholders at the Meeting, with a
shareholder turnout of 69.62%. Detailed voting results for the
resolution are as follows:
|
Total
Votes
|
Percentage of
Votes Cast
|
Votes
For
|
170,255,128
|
99.862%
|
Votes
Against
|
234,645
|
0.138%
|
Total Votes
Cast
|
170,489,773
|
100.000%
|
In addition to the approval by Agnico Eagle shareholders,
Kirkland Lake Gold shareholders approved the Merger at the special
meeting of Kirkland Lake Gold shareholders held earlier today.
"I would like to thank our shareholders and the shareholders at
Kirkland Lake Gold for supporting the merger of the two companies.
We are very excited about the transaction as it positions Agnico
Eagle as the leading low risk global gold company with growing
production, low costs and strong ESG leadership," said Sean Boyd, Agnico Eagle's Chief Executive
Officer. "Our near-term focus will be on completing the integration
plan for the two companies while we await the final regulatory
approvals. We look forward to providing additional information on
the combined businesses once the transaction has been finalized,
which is expected to occur in the first quarter of 2022," added Mr.
Boyd.
Completion of the Merger is subject to the granting of the final
order (the "Final Order") by the Ontario Superior Court of
Justice (Commercial List) (the "Court"), approval of the
Australian Foreign Investment Review Board ("FIRB Approval")
and the satisfaction or waiver of other customary closing
conditions. It is currently expected that the effective date of the
Merger will occur during the first quarter of 2022.
About Agnico Eagle Mines Limited
Agnico Eagle is a senior Canadian gold mining company, producing
precious metals from operations in Canada, Finland and Mexico. It has a pipeline of high-quality
exploration and development projects in these countries as well as
in the United States and
Colombia. Agnico Eagle is a
partner of choice within the mining industry, recognized globally
for its leading environmental, social and governance practices. The
Company was founded in 1957 and has consistently created value for
its shareholders, declaring a cash dividend every year since
1983.
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at
November 26, 2021. Certain statements
in this news release, referred to herein as "forward-looking
statements", constitute "forward-looking statements" within the
meaning of the United States
Private Securities Litigation Reform Act of 1995 and
"forward-looking information" under the provisions of Canadian
provincial securities laws.
All statements, other than statements of historical fact, that
address circumstances, events, activities or developments that
could, or may or will occur are forward-looking statements. These
forward-looking statements can be identified by the use of words
such as "anticipate", "believe", "continue", "could", "estimate",
"expect", "future", "ongoing", "plan", "possible", "potential",
"may", "seek", "should", "will", "would" or the negative of such
terms and similar expressions. Forward-looking statements in this
news release include, but are not limited to statements and
information concerning: the receipt and timing of the Final Order
and the effective date of the Merger; the timing, receipt and
conditions of required Court and regulatory approvals, including
FIRB Approval; the ability of Agnico Eagle and Kirkland Lake Gold
to satisfy the other conditions to the Merger; the combined
company's growth profile, risk profile, operating margins,
operating costs and overall strategy and performance; estimates of
future production; and expectations regarding the combined
company's environmental, social and governance profile.
Forward-looking statements are necessarily based upon a number
of factors and assumptions that, while considered reasonable by
Agnico Eagle as of the date of such statements, are inherently
subject to significant business, economic, operational, and other
risks, uncertainties, contingencies and other factors, including
those described below, which could cause actual results,
performance or achievements of Agnico Eagle to be materially
different from results, performance or achievements expressed or
implied by such forward-looking statements and, as such, undue
reliance must not be placed on them. Forward-looking statements are
also based on numerous material factors and assumptions, including
as described in this news release, including with respect to: the
ability of Agnico Eagle and Kirkland Lake Gold to satisfy, in a
timely manner, the other conditions to the closing of the Merger
and the completion of the Merger on expected terms; the
availability and timing of required Court, regulatory, governmental
and other approvals for the completion of the Merger; the ability
to successfully integrate Agnico Eagle and Kirkland Lake Gold in a
timely manner following the completion of the Merger; Agnico
Eagle's and Kirkland Lake Gold's present and future business
strategies; operations performance being within expected ranges;
and anticipated future production and cash flows.
Many factors, known and unknown, could cause actual results to
be materially different from those expressed or implied by such
forward-looking statements. Such risks include, but are not limited
to: the failure of Agnico Eagle and Kirkland Lake Gold to receive,
in a timely manner and on satisfactory terms, the necessary Court
and regulatory approvals, including FIRB Approval, or to otherwise
satisfy the conditions to the completion of the Merger, in a timely
manner, or at all; the failure to realize the anticipated benefits
of the Merger in the expected timeframes, or at all; and the
additional risk factors set out in the joint management information
circular of Agnico Eagle and Kirkland Lake Gold dated October 29, 2021, including under the heading
"Risk Factors". Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date made. For a more detailed discussion of such risks and
other factors that may affect Agnico Eagle's ability to achieve the
expectations set forth in the forward-looking statements contained
in this news release, see also the AIF and MD&A of Agnico Eagle
filed under its profile on SEDAR at www.sedar.com and included in
Agnico Eagle's Form 40-F filed on EDGAR at www.sec.gov, as well as
Agnico Eagle's other filings with the Canadian securities
regulators and the SEC. Other than as required by law, Agnico Eagle
does not intend, and does not assume any obligation, to update
these forward-looking statements.
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SOURCE Agnico Eagle Mines Limited