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Agnico-Eagle will acquire Comaplexs Meliadine Gold Property
Toronto, Ontario, Canada. 1st April 2010. Agnico-Eagle Mines Limited (Frankfurt WKN: 860325; NYSE, TSX: AEM) and Comaplex Minerals Corp..
(‘Comaplex ") jointly announce that they have an basic agreement was reached under which Agnico-Eagle shares of all Comaplex, which still owns the company did not acquire will. Loud Terms of the transaction, each shareholder of Comaplex 0.1576 shares of Agnico-Eagle Comaplex per-Akie receive. Additionally, a large Completion of each shareholder of Comaplex except Agnico-Eagle and Perfora Investments S.à.r.l.
(‘Perforation’), for each share one common share of Comaplex newly formed, wholly owned by Comaplex located subsidiary
(‘New Comaplex’) received. The total value of the Comaplex shareholders, except Agnico-Eagle and perforation, received Contribution is approximately 10.32 CAD per Comaplex share (as described below) be. This represents a premium of about 34% to the 20-day weighted average price of Comaplex shares on the Toronto Stock Exchange 31 March 2010.
Comaplex has a 100 -% interest in the advanced Meliadine gold project in Nunavut, Canada, about 300 km from Agnico-Eagle producing Meadowbank gold mine is located. The Meliadine deposit discovered in 1990 currently home to 3.29 million ounces of measured and indicated Gold resources in 12,947,500 tonnes of ore grading 7.9 g / t gold and 1.73 Million ounces of Inferred Resources in 8,385,600 tonnes of ore 6.4 g / t gold.
‘After completion of the proposed transaction is the acquisition of large, high grade Meliadine property in accordance with our constant and focused growth per share. Also fits in the course of a successful operation of our commencement Meadowbank gold mine in the quarter Meliadine property tailor-made to our industry expertise in the Arctic. The transaction also strengthens our commitment to Nunavut and our base in Canada, "said Sean Boyd, Vice-Chairman and CEO Agnico-Eagle. "Our operating focus remains on the Optimization of our newly built on gold mines and the completion of several ongoing internal studies on an extension. For Meliadine it will be our plan, an underground exploration program to , Accelerate to an extension of resource and the conversion of great resource in stocks over the next two years concentrated. We hope to have before the end of 2011 with a feasibility study can begin, "added Mr. Boyd.
George Fink, President and CEO of Comaplex, said: "We are pleased conclude this agreement with Agnico-Eagle, although it difficult, after all these years, the participation of cede Meliadine property. Meliadine is an excellent project with a tremendous exploration potential, the well-to Agnico-Eagle Realty portfolio and our shareholders through the ownership of Agnico-Eagle shares continue to benefit from it. We are the close relationship , Have had to miss the people in Nunavut and would like to thanks for the tremendous support they have on us the years have given away. New Comaplex is a very good be financed exploration company with a cash flow, a experienced staff and a proven management is headed. "
Conference call on Monday 5 April 2010
The senior management of Agnico-Eagle on Monday, 5 April 2010 at 9 clock time of the East Coast (15 clock CET) a conference call to Discussion of the transaction hold.
Phone:
Telephone number to listen to the conference: +1 416 644 3416th To Ensure participation, please call five minutes before the start of Conference.
Audio Archive:
Telephone: +1 416 640 1917, access code 4281176 followed by the # Character.
The conference runs until 12 April 2010 to listen to Available.
The transaction
Comaplex is all fixed assets and related Liabilities, except those relating to the Meliadine-estate and associated plant and equipment, to New Comaplex transferred. This Tangible assets include Comaplexs entire net working capital, all not belonging to Meliadine mineral properties, all Oil and gas properties and a different investment. Based on the preceding 20-day weighted Average price of Agnico-Eagle shares on the Toronto Stock Exchange on 31 March 2010 valued the transaction each share of Comaplex 9.32 CAD plus the value of each New Comaplex shares with an estimated 1.00 CAD. This estimate is based on the value of the New Comaplex transferred assets and cash amounts.
Perforation and Agnico-Eagle have a support agreement completed, with perforation has agreed, among other things, the transaction to assist with all Comaplex shares, which in its Possession of which is to vote in favor of the proposed agreement. Perforation owns approximately 17.3%
of the outstanding shares (fully diluted) of Comaplex. Agnico-Eagle owns approximately 12.3% of outstanding shares (Fully diluted) of Comaplex.
DieTransaktion subject to a test due diligence (due diligence), the negotiations and the approval of the Board of Directors for a definitive acquisition agreement and the negotiation of support agreements with the Directors and Officers of Comaplex. These shareholders have together 8.4% of the outstanding shares (fully diluted) of Comaplex. The transaction is also subject to approval by the Comaplex shareholders and the legal and regulatory approvals. The Closing is expected in June 2010.
Agnico-Eagle has agreed to the Comaplex and Perforation from the securities commissions in Ontario and Alberta discontinue proceedings.
The boards of directors of both companies have the agreement unanimously approved in principle. In the event that the transaction under certain circumstances is not completed, has agreed to Comaplex, Agnico-Eagle a resolution fee of $ 20 Million to . Pay
About Agnico-Eagle
Agnico-Eagle is a long established Canadian Gold producer with operations located in Quebec and Finland as well as exploration and development activities in Canada, Finland, the United States and Mexico. Agnico-Eagle’s LaRonde Mine is regarding inventories Canada’s largest gold mine. The Company has full exposure to higher gold prices consistent with no advance sales of his gold performs. Agnico-Eagle pays dividends for 28 years.
About Comaplex
Comaplex is a publicly traded company headquartered in Calgary. The company’s stock on the Toronto Stock Exchange traded. Comaplexs core business is the exploration and development of mineral properties in Canada. The main property is the Meliadine Gold Property. Comaplexs registered office is at 901, 1015 Fourth Street S.W., Calgary, Alberta T2R 1J4.
Mr. Mark Balog and Mr. Doug Dumka have in this Press release contained technical information reviewed. Doug Dumka, P. Geo., Is the Exploration Manager of Comaplex and for the project Qualified Person responsible Meliadine West under NI 43-101. Further details on Comaplexs Mineral resource estimate is in the technical report on the Snowdon to find resources on Meliadine estimate of February 2010. The report was on SEDAR submitted.
For further information please contact:
Agnico-Eagle Mines Ltd. David Smith, VP, Investor Relations Tel +1 (416) 947-1212 Suite 400 145 King Street East Toronto, Ontario, M5C 2Y7 Canada Fax +1 (416) 367-4681 http://www.agnico-eagle.com/
AXINO AG, Investor Relations, King’s Road 26 70173 Stuttgart Germany Tel +49 (711) 253592-30 Fax +49 (711) 253592-33 http://www.axino.de/
This is a translation of the original English Press release. Only the original English press release is binding. A liability for the correctness of the translation excluded.
06.04.2010 09:20 Ad-hoc reports, financial news and Press releases transmitted by DGAP. Media Library under http://www.dgap-medientreff.de and http://www.dgap.de

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