It's a late Friday NR special: Agnico (AEM) dumps Belo Sun (BSX.to) - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title It's a late Friday NR special: Agnico (AEM) dumps Belo Sun (BSX.to), We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : It's a late Friday NR special: Agnico (AEM) dumps Belo Sun (BSX.to)
link : It's a late Friday NR special: Agnico (AEM) dumps Belo Sun (BSX.to)

It's a late Friday NR special: Agnico (AEM) dumps Belo Sun (BSX.to)

Here's the NR, here's the pay dirt:

TORONTO, April 20, 2018 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle" or the "Company") announced today that it has disposed of 44,551,000 common shares of Belo Sun Mining Corp. ("Belo Sun") in a pre-arranged trade executed through the facilities of the Toronto Stock Exchange (the "TSX").  The sale price was C$0.335 per common share (the 30-day volume weighted average price of the common shares of Belo Sun on the TSX at the time of the trade), for aggregate proceeds of C$14,924,585.

The Company reviews its portfolio of equity investments in junior mining companies on an ongoing basis.  The Company completed the disposition in order to monetize a non-core asset held in its portfolio.
Immediately prior to the disposition, Agnico Eagle owned 89,102,760 common shares of Belo Sun, representing approximately 19.14% of the issued and outstanding common shares of Belo Sun on a non-diluted basis.  Following the disposition, Agnico Eagle owns 44,551,760 common shares of Belo Sun, representing approximately 9.57% of the issued and outstanding common shares of Belo Sun on a non-diluted basis.

Ottotrans: AEM ran out of patience. That takes AEM's holding in BSX to under 10%, which means that from now on if the block buyer doesn't take the rest in the next two months they'll dump the rest into the market without having to tell anyone.

Thus Article It's a late Friday NR special: Agnico (AEM) dumps Belo Sun (BSX.to)

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