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Agnico Eagle invests $40m in Latin America-focused explorer

28th October 2024

By: Creamer Media Reporter

     

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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.

Edited by Creamer Media Reporter

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