TORONTO , Feb. 08, 2022 (GLOBE NEWSWIRE) -- 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.
https://www.globenewswire.com/en/news-release/2022/02/08/2381431/0/en/Agnico-Eagle-and-Kirkland-Lake-Gold-Complete-Merger-Transaction.html