- Agnico Shareholders are encouraged to vote well in advance
of the proxy voting deadline at 10:00
a.m. (Toronto time) on
November 24, 2021.
TORONTO, Nov. 15, 2021 /PRNewswire/ - Agnico Eagle
Mines Limited (TSX: AEM) (NYSE: AEM) ("Agnico Eagle") is
pleased to announce that Glass, Lewis & Co. ("Glass
Lewis"), a leading independent proxy advisory firm has
recommended that Agnico Eagle shareholders vote "FOR" the
matters to be voted on at the special meetings of shareholders in
connection with the previously announced merger of equals (the
"Merger") with Kirkland Lake Gold Ltd. (TSX:KL, NYSE:KL,
ASX:KLA) ("Kirkland Lake
Gold"). With this positive recommendation, Agnico Eagle
and Kirkland Lake Gold have now
received positive voting recommendations with respect to the Merger
from Glass Lewis and Institutional Shareholder Services Inc., the
two leading independent proxy advisory firms that provide voting
recommendations to institutional investors.
Recommendation to Agnico Eagle Shareholders
In recommending that shareholders of Agnico Eagle vote
"FOR" the issuance of Agnico Eagle common shares to
shareholders of Kirkland Lake Gold
pursuant to the Merger, Glass Lewis stated, among other things:
- "At a high level, as discussed at length in the joint circular,
the arrangement will combine two large, efficient gold operators
primarily exposed to a selection of low-risk mining jurisdictions,
with the arrangement ultimately expected to create the largest gold
producer in Canada. The boards
expect the tie-up to unlock substantial synergy opportunities, both
in terms of geographic compatibility and with respect to standard
scale and procurement architecture. … This enhanced operational
efficiency is expected to be utilized to advance a combined
pipeline of development opportunities within the existing
properties of [Agnico Eagle] and [Kirkland
Lake Gold], prospectively unlocking additional value over
the long term. In short, we believe this framework is very
compelling and fairly straightforward."
- "Taken collectively, then, we believe there is adequate cause
for investors to conclude the proposed arrangement is a
strategically compelling merger of equals resulting from a lengthy
and considered review yielding scrip-for-scrip terms reasonably
reflective of the relative performance, resources and market value
of the two firms involved. Accordingly, we recommend shareholders
vote FOR."
Shareholder Questions and Assistance
If you have any questions regarding the special meeting of
Agnico Eagle shareholders, please contact Agnico Eagle's strategic
shareholder advisor and proxy solicitation agent, Laurel Hill
Advisory Group, by telephone at 1-877-452-7184 (toll-free in
North America) or at
1-416-304-0211 (for collect calls outside of North America), or by email at
assistance@laurelhill.com.
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.
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SOURCE Agnico Eagle Mines Limited