Agnico Eagle invests $40m in Latin America-focused explorer
Canada-based Agnico Eagle has announced a $40-million strategic investment in ATEX Resources – a TSX-V-listed, Latin America-focused exploration company.
Agnico Eagle has agreed to subscribe for 33.87-million units in a nonbrokered private placement at C$1.63 per unit, for a total of $40-million.
Each unit comprises one common share of ATEX and one-half of one common share purchase warrant of the company.
ATEX’s flagship Valeriano project is located in the El Indio mineral belt.
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