Kirkland Lake Gold Shareholders Approve Merger of Equals With Agnico Eagle
TORONTO, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (Kirkland Lake Gold or the Company) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that at a special meeting of shareholders held earlier today (the Meeting), the Companys shareholders voted in favour of the arrangement resolution (the Kirkland Arrangement Resolution) approving the proposed merger of equals whereby all of the issued and outstanding shares of the Company (the Kirkland Shares) will be acquired by Agnico Eagle Mines Limited (Agnico Eagle) for common shares of Agnico Eagle (the Agnico Shares) in a merger of equals for consideration per Kirkland Share equal to 0.7935 of an Agnico Share (the Arrangement).
- TORONTO, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (Kirkland Lake Gold or the Company) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that at a special meeting of shareholders held earlier today (the Meeting), the Companys shareholders voted in favour of the arrangement resolution (the Kirkland Arrangement Resolution) approving the proposed merger of equals whereby all of the issued and outstanding shares of the Company (the Kirkland Shares) will be acquired by Agnico Eagle Mines Limited (Agnico Eagle) for common shares of Agnico Eagle (the Agnico Shares) in a merger of equals for consideration per Kirkland Share equal to 0.7935 of an Agnico Share (the Arrangement).
- The Kirkland Arrangement Resolution was approved by 150,681,106 Kirkland Shares or approximately 80.65% of votes cast by Kirkland Lake Gold shareholders either in person or represented by proxy at the Meeting.
- In addition to the approval by Kirkland Lake Gold shareholders, Agnico Eagle shareholders approved the issuance of Agnico Shares in connection with the Arrangement at a special meeting of Agnico Eagle shareholders held earlier today.
- Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: We are pleased that our shareholders have voted in favor of the merger of equals with Agnico Eagle.