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[AEM] Agnico-Eagle Mines

Symbol: AEM

11/19/2008 10:54am
Agnico-Eagle Mines To sell 8M units(5.5% of shares oustanding) at $31.50 for proceeds of $252M

- Granted to the underwriters an underwriters' option, exercisable at any time up to 24 hours prior to closing, to purchase up to an additional 1.2M units at closing, at a price of $31.50 per unit.
- intends to use the net proceeds of the private placement for mine development and related capital expenditures, as well as for general corporate purposes.


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