Agnico-Eagle purchases units in Continuum Resources Ltd.
December 19 2006 - 4:10PM
PR Newswire (US)
Stock Symbols: AEM (NYSE and TSX) TORONTO, Dec. 19
/PRNewswire-FirstCall/ -- Agnico-Eagle Mines Limited announces that
it has purchased an additional 3,000,000 units of Continuum
Resources Ltd. ("CNU: TSX-V") ("Continuum") for C$750,000. Each
unit consists of one common share and one-half of one share
purchase warrant. With this purchase, Agnico now holds 9,605,500
common shares and 6,310,250 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$0.30 per
warrant if exercised within the next year. Agnico-Eagle now owns
19.24% of the outstanding common shares of Continuum, on a
partially diluted basis. On a fully diluted basis, the Company owns
17.57% of the common shares. These shares were purchased for
investment purposes and the aggregate totals C$2.25 million. 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. Agnico-Eagle has declared a cash dividend for 27 consecutive
years. DATASOURCE: Agnico-Eagle Mines Limited CONTACT: David Smith,
Director, Investor Relations, (416) 947-1212
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