Rupert Resources Obtains Final Court Approval and Announces Expected Closing Date for Arrangement With Agnico Eagle
Rupert Resources Ltd. (TSX: RUP, OTCQX: RUPRF, FSE:R05) (“Rupert” or the “Company”) announced today that the Company has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement under the provisions of the Business Corporations Act (British Columbia) pursuant to which, among other things, Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) will acquire all of the issued and outstanding common shares of the Company (the “Shares”) that it does not already own (the “Arrangement”).
Pursuant to the Arrangement, each Share will be exchanged for: (i) 0.0401 of a common share of Agnico Eagle; and (ii) contingent consideration of up to C$3.00, in the form of a contingent value right (a “CVR”), that is payable in cash upon certain milestones being achieved over the 10 year term of the CVR, all as more particularly described in Rupert’s management information circular dated May 7, 2026 (the “Circular”). This final court approval follows the securityholder approval that was obtained at the special meeting of Rupert’s securityholders held on June 9, 2026.
