Agnico Eagle Mines Enters Transaction To Acquire 27.95M First Nordic Metals Common Shares
Portfolio Pulse from Benzinga Newsdesk
Agnico Eagle Mines (AEM) has entered into a transaction to acquire 27.95 million common shares of First Nordic Metals (TSXV:FNM). This acquisition will increase Agnico Eagle's ownership from 0.75% to 13.25% of the issued and outstanding common shares of First Nordic Metals.
July 15, 2024 | 9:04 pm
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Agnico Eagle Mines (AEM) is set to acquire 27.95 million common shares of First Nordic Metals, significantly increasing its stake from 0.75% to 13.25%. This move could enhance Agnico Eagle's asset base and strategic positioning in the market.
The acquisition of a significant number of shares in First Nordic Metals will increase Agnico Eagle's ownership stake, potentially enhancing its asset base and strategic positioning. This is likely to be viewed positively by investors.
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