Nice News.$$$$$$ Agnico-Eagle announces exercise of over-allotment
option of 1,350,000 common shares at C$12.00 and US$7.90 per share
Stock Symbols: AEM (NYSE) AGE (TSE)
TORONTO, June 20 /PRNewswire/ - Agnico-Eagle Mines Limited (``Agnico- Eagle'') today announced that the underwriters of
its recently completed public offering of 9,000,000 common shares, have exercised their option to purchase 1,350,000 additional
common shares at C$12.00 or US$7.90 per share to cover over-allotments. The purchase is scheduled to close on Monday, June
25, 2001. The estimated gross proceeds to Agnico-Eagle from the exercise of the over- allotment option are C$16,200,000. The
underwriting syndicate consists of TD Securities Inc., Merrill Lynch Canada Inc., Scotia Capital Inc., CIBC World Markets Inc.,
National Bank Financial Inc., Salomon Smith Barney Canada Inc., Dundee Securities Corporation and Research Capital
Corporation. The net proceeds from the offering will be used to fund the expansion of the LaRonde Mine and for general
corporate purposes, including possible acquisitions.
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