Agnico-Eagle purchases units in Continuum Resources Ltd.
September 26 2006 - 12:06PM
PR Newswire (US)
Stock Symbols: AEM (NYSE and TSX) TORONTO, Sept. 26
/PRNewswire-FirstCall/ -- Agnico-Eagle Mines Limited announces
today that it has purchased an additional 2,340,500 units of
Continuum Resources Ltd. ("CNU: TSX-V") ("Continuum") for $585,125.
Each unit consists of one common share and one-half of one share
purchase warrant. With this purchase, Agnico now holds 6,605,500
common shares and 4,810,250 warrants of Continuum. Each newly
purchased share purchase warrant entitles the holder to purchase
one additional common share of Continuum at a price of C$0.25 per
warrant if exercised within the next year. Agnico now owns 15.28%
of the outstanding common shares of Continuum, on a partially
diluted basis. These shares were purchased for investment purposes.
About Agnico-Eagle Agnico-Eagle is a long established Canadian gold
producer with operations located in Quebec and exploration and
development activities in Canada, Finland, Mexico and the United
States. Agnico-Eagle's LaRonde Mine is Canada's largest gold
deposit in terms of reserves. The Company has full exposure to
higher gold prices consistent with its policy of no forward gold
sales. It has paid a cash dividend for 26 consecutive years.
DATASOURCE: Agnico-Eagle Mines Limited CONTACT: David Smith,
Director, Investor Relations, (416) 947-1212
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