On November 14, 2002, Agnico-Eagle Mines Limited completed an accelerated global tender, or overnight maketed deal, offering common shares and five-year warrants in Canada and the U.S. Agnico raised US$191.82 million. In connection with the offering, Agnico also filed a US$500 million unallocated base shelf prospectus in Canada and in the U.S., relating to the offering of debt securities, common shares or warrants to purchase debt securities, or common shares. Prior to the closing of the offering, Agnico filed a shelf prospectus supplement relating to the offering of common shares on the exercise of the warrants in the U.S.
Davies Ward Phillips & Vineberg LLP acted for Agnico, with a team comprised of Patricia Olasker, Patrick Moyer, Robert Murphy, Sonny Bhalla and Karine De Champlain. U.S. securities law advice was provided to Agnico by David Levenson, Elton Norman and Daniel Collins of Troutman Sanders LLP in McLean, Virginia.
TD Securities Inc. and Merrill Lynch Canada Inc. acted as co-lead underwriters and joint bookrunners of the underwriting syndicate, which included Scotia Capital Inc., Yorkton Securities Inc., CIBC World Markets Inc., Salomon Smith Barney Canada Inc., Dundee Securities Corporation and Sprott Securities Inc. Lang Michener acted as Canadian counsel to the the underwriters, with a team comprised of Philippe Tardif, Carmen Diges, Lisa Erdos and Dunia El-Jawhari (corporate finance/securities) and Kalle Soomer, Q.C. (tax). Shearman & Sterling in Toronto acted as U.S. counsel to the underwriters, with a team that included Brice Voran, Jason Lehner, Jennifer Mazin, Julian Fletcher and Brent Westrop.