Rupert raises C$28.5m, Agnico Eagle maintains stake
Finland-focused Rupert Resources has raised C$28.5-million in a private placement, with senior Canadian gold miner Agnico Eagle Mines maintaining a 14% stake in the company.
The Toronto-based miner issued 6.32-million shares at C$4.50 apiece, it said in a statement Tuesday.
Agnico Eagle exercised its participation rights to acquire 2.6-million shares.
Rupert also appointed Kim Hagberg and Joanna Pearson as independent nonexecutive directors. Hagberg previously served as chief operations officer at Swedish telecom firm Tele2 and held leadership roles at Telia and Tele2 in Sweden, Canada, France and Switzerland. Pearson, a chartered professional accountant, was formerly CFO at Endeavour Mining and a partner at Deloitte.
Agnico Eagle has nominated Carol Plummer for election to Rupert’s board at the next AGM. Plummer, the mining giant’s executive VP of sustainability, people and culture, was previously general manager of Agnico’s Kittilä mine in Finland, located near Rupert’s Ikkari project.
“We are pleased to welcome Kim Hagberg and Joanna Pearson to the board,” Rupert chairperson Gunnar Nilsson said. “We are also looking forward to welcoming Carol Plummer . . . her expertise will be invaluable as we progress with the Ikkari project.”
Proceeds from the placement will fund exploration, and technical and environmental studies in Finland, as well as general corporate purposes.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation