(All amounts expressed in Canadian dollars unless otherwise noted)
TORONTO, May 23, 2013 /PRNewswire/ – Agnico Eagle Mines Limited (TSX and NYSE: AEM) (“Agnico”) today announced that it has entered into an agreement with Cormark Securities Inc. (“Cormark”) and Probe Mines Limited (“Probe”) pursuant to which Agnico has agreed to purchase 7,500,000 units of Probe (the “Units”) from Cormark at a price of $1.50 per Unit for total consideration of $11,250,000. Each Unit is comprised of one common share of Probe (each, a “Common Share”) and three-quarters of one common share purchase warrant of Probe (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of $2.10 for a period of two years from the closing date. Closing of the transaction is expected to occur on or about May 28, 2013.