TORONTO — Agnico Eagle Mines Ltd. has signed a deal to invest $57 million in Radisson Mining Resources Inc.
Radisson owns the O’Brien gold project in Quebec’s Abitibi region.
Under the agreement, Agnico is acquiring 53,420,000 units at a price of $1.07 per unit.
Each unit includes one Radisson share and half of a share purchase warrant.
Each whole warrant entitles the holder to buy one Radisson share for $1.39 for a period of 60 months following the closing date of the private placement, subject to acceleration in certain circumstances.
On closing of the private placement, Agnico Eagle will hold a 10.45 per cent stake in Radisson on a non-diluted basis and 14.90 per cent on a partially diluted basis, assuming the exercise of its warrants.
This report by The Canadian Press was first published Aug. 24, 2026.
