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Monday, April 19, 2010

Agnico-Eagle (TSE:AEM), Comaplex Minerals (TSE:CMF), Extend Exclusivity Period

Agnico-Eagle (TSE:AEM) and Comaplex Minerals (TSE:CMF) announced they've extended the exclusivity period under the previous agreemtned between the two companies in order to provide more time for required documentation and finish due diligence.

The exclusivity period was originally to end on April 19, 2010, but will now extend to May 3, 2010.

The purpose of the period is to deal with the acquisition of the rest of the shares of Comaplex Minerals which Agnico-Eagle already doesn't own.

A number of usual legal hurdles remain before the deal goes through, once the period is over, including approval from the boards, court, regulators and sharholders.

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