05:24 PM EDT, 09/09/2025 (MT Newswires) -- Agnico Eagle Mines ( AEM ) , after trade Tuesday, said it has acquired 586,619 units of Maple Gold Mines (MGM.V) in a private placement for nearly $352,000.

Each $0.60 unit includes a share and one three-year warrant to buy another share for $0.85.

Before this transaction, Agnico Eagle held about 16.32% of Maple's shares. After the placement, it now owns about 15.38% of the outstanding shares on a non-diluted basis and 16.32% on a partially diluted basis, assuming it exercises the new warrants, the company said.

Agnico Eagle and Maple are under an investor rights agreement that gives Agnico Eagle the option to maintain or increase its stake up to 19.9% and, under certain conditions, nominate members to Maple's board, according to the statement.

Agnico shares closed down $1.22 to $211.71 on the Toronto Stock Exchange, while Maple Gold fell $0.01 to $1.44 on the TSX Venture Exchange.