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Message: Agnico Eagle Mines News

VANCOUVER - Agnico Eagle Mines Ltd. (TSX:AEM) has agreed to sell the equivalent of nearly 9.7 million shares of Probe Mines Ltd. (TSXV: PRB) to Goldcorp Inc., which is seeking to buy full control of the junior mineral exploration company. Vancouver-based Goldcorp (TSX:G) says it will pay about $43 million to Agnico Eagle under their agreement. Toronto-based Agnico Eagle would sell 7.32 million common shares of Probe at $5 each and 2.35 million share purchase warrants for $2.90 each. Each warrant entitles the holder to buy a Probe share for $2.10 until May 28, 2015. Goldcorp announced Monday that wants to buy full control of Probe and its Borden gold project in northwestern Ontario in a friendly takeover valued at $526 million. Prior to the announcement, Goldcorp owned about 9.3 per cent of Probe's equity. - See more at: http://www.westerlynews.ca/local-news/goldcorp-says-agnico-eagle-will-sell-probe-shares-warrants-for-43-million-1.1737585#sthash.3pE3LTP1.dpuf

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