Agnico Eagle, O3 Mining say Gold Fields supports transaction

Agnico Eagle Mines (AEM) and O3 Mining (OIIIF) jointly announce that Gold Fields Limited (GFI), through a 100% indirect Canadian subsidiary, O3 Mining’s largest shareholder, has agreed to a lock-up agreement with Agnico Eagle to tender its common shares of O3 Mining into Agnico Eagle’s offer to acquire all of the outstanding common shares for C$1.67 per common share in cash by way of a take-over bid. Gold Fields owns approximately 17% of the outstanding common shares on a basic basis. Including its lock-up agreement with Gold Fields, Agnico Eagle has now entered into lock-up agreements with O3 Mining shareholders owning an aggregate of approximately 39% of the outstanding common shares on a basic basis, including each of the directors and officers of O3 Mining, the company stated.