TORONTO, Feb. 8, 2022 /CNW/ - Agnico Eagle Mines
Limited (TSX:AEM) (NYSE:AEM) ("Agnico Eagle") and
Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) ("Kirkland
Lake Gold") are pleased to announce the successful completion
of the previously announced merger of equals transaction (the
"Merger").
The combined company will continue as Agnico Eagle Mines Limited
and will remain listed on the Toronto Stock Exchange (TSX) and New
York Stock Exchange (NYSE) under the ticker "AEM". In aggregate,
Agnico Eagle issued approximately 209,274,263 common shares to
former Kirkland Lake Gold shareholders as consideration for their
shares. At the opening of markets today, the new Agnico Eagle had a
market capitalization of approximately US$22.4 billion.
As previously announced, Agnico Eagle's reconstituted board of
directors now consists of: Leona
Aglukkaq, Sean Boyd
(Executive Chair), Martine Celej,
Robert Gemmell, Jonathan Gill, Peter
Grosskopf, Arnold Klassen,
Elizabeth Lewis-Gray, Anthony Makuch (CEO), Deborah McCombe, Jeffrey
Parr (Vice-Chair), J. Merfyn
Roberts and Jamie Sokalsky
(Lead Director).
The combined company will be led by Sean
Boyd, as Executive Chair, Anthony
Makuch, as Chief Executive Officer and Ammar Al-Joundi, as President.
Full details of the Merger and certain other matters are set out
in the joint management information circular of Agnico Eagle and
Kirkland Lake Gold and can be found under Agnico Eagle and Kirkland
Lake Gold's respective profiles on SEDAR at www.sedar.com and EDGAR
at www.sec.gov. A copy of the early warning report of Agnico Eagle
in connection with its acquisition of Kirkland Lake Gold shares
will be filed under Kirkland Lake Gold's profile on SEDAR and can
be obtained by contacting Agnico Eagle as set out below.
Information for Former Kirkland Lake Gold
Shareholders
The shares of Kirkland Lake Gold are expected to be de-listed
from the TSX on or about the closing of trading on February 9, 2022 and from the NYSE on or
about the opening of trading on February
9, 2022. The Kirkland Lake Gold CHESS Depositary
Interests ("Kirkland CDIs") were suspended from trading on
the Australian Stock Exchange (ASX) at the closing of trading on
February 2, 2022 and are in the
process of being formally de-listed from the ASX. Kirkland Lake
Gold is in the process of applying to cease to be a reporting
issuer under applicable Canadian securities laws.
Pursuant to the Merger, former Kirkland Lake Gold shareholders
(including former holders of Kirkland CDIs) are entitled to
receive 0.7935 of an Agnico Eagle common share for each Kirkland
Lake Gold share held. In order to receive Agnico Eagle shares in
exchange for Kirkland Lake Gold shares, Kirkland Lake Gold
registered shareholders must complete, sign, date and return
(together with the certificate or DRS statement representing their
shares) the letter of transmittal that was mailed to them prior to
closing of the Merger. The letter of transmittal is also available
under Kirkland Lake Gold's profile on SEDAR at www.sedar.com and
EDGAR at www.sec.gov and by contacting Computershare Investor
Services Inc., the depositary, by telephone at 1-514-982-7555 or
toll-free in North America at
1-800-564-6253 or by email at:
corporateactions@computershare.com.
For those shareholders of Kirkland Lake Gold whose shares are
registered in the name of a broker, investment dealer, bank, trust
company, trust or other intermediary or nominee, they should
contact such nominee for assistance in depositing their Kirkland
Lake Gold shares and should follow the instructions of such
intermediary or nominee. Holders of Kirkland CDIs are not required
to submit a letter of transmittal and should contact the
depositary (at its contact details above) or Computershare Investor
Services Pty Limited if they have any questions regarding the
process for receiving the Agnico Eagle shares.
About Agnico Eagle Mines Limited
The new Agnico Eagle is a senior Canadian gold mining company,
producing precious metals from operations in Canada, Australia, 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.
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at
February 8, 2022. Certain statements
in this news release, referred to herein as "forward-looking
statements", constitute "forward-looking statements" within the
meaning of the United States
Private Securities Litigation Reform Act of 1995 and
"forward-looking information" under the provisions of Canadian
provincial securities laws. These statements can be identified by
the use of words such as "anticipate", "could", "expect", "may",
"would" or the negative of such terms and similar expressions. Such
statements include the anticipated timing of de-listing of the
Kirkland Lake Gold shares on the ASX, NYSE and TSX.
Forward-looking statements are necessarily based upon a number
of factors and assumptions that, while considered reasonable by
Agnico Eagle and Kirkland Lake Gold as of the date of such
statements, are inherently subject to significant business,
economic, operational, and other risks, uncertainties,
contingencies and other factors, including those described below,
which could cause actual results, performance or achievements of
Agnico Eagle and Kirkland Lake Gold to be materially different from
results, performance or achievements expressed or implied by such
forward-looking statements and, as such, undue reliance must not be
placed on them. Forward-looking statements are also based on
numerous material factors and assumptions. Many factors, known and
unknown, could cause actual results to be materially different from
those expressed or implied by such forward-looking statements. Such
risks include, but are not limited to: the failure of Agnico Eagle
and Kirkland Lake Gold to satisfy the requirements to effect the
de-listing of Kirkland Lake Gold on the ASX, NYSE and TSX; and the
additional risk factors set out in the joint management information
circular of Agnico Eagle and Kirkland Lake Gold dated October 29, 2021, including under the heading
"Risk Factors". Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date made. Other than as required by law, Agnico Eagle and
Kirkland Lake Gold do not intend, and do not assume any obligation,
to update these forward-looking statements.
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SOURCE Agnico Eagle Mines Limited