Agnico Eagle Agrees to Invest in Foran Mining (Private Placement, Two Tranches)
May 14, 2025
Agnico Eagle Mines Limited has agreed to subscribe for 30,000,000 voting common shares of Foran Mining Corporation in a non-brokered private placement for total consideration of C$90 million. The private placement is expected to close in two tranches, with the first tranche targeted around May 28, 2025 and the second tranche following shareholder approval of Foran.
- Buyers
- Agnico Eagle Mines Limited
- Targets
- Foran Mining Corporation, Azimut Exploration Inc.
- Industry
- Professional Services
- Location
- British Columbia, Canada
- Transaction Type
- Growth capital
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