Canadian miner Agnico Eagle Mines has acquired 5.75-million shares of Prism Resources Trevali Mining for C$100 000, pursuant to a share purchase agreement between Agnico Eagle and FTI Consulting Canada, in its capacity as court-appointed monitor of Prism.
Prism holds a 7.5% net profit interest royalty on the Aurora and Sunday Lake claims, which form part of Agnico Eagle's Detour Lake mine property, including Zone 58N and other geologically prospective targets.
Agnico Eagle’s shareholding in Prism represents about 11.07% of the issued and outstanding common shares on a non-diluted basis.