Agnico Eagle and Kirkland Lake GOLD Complete Merger Transaction
AGNICO EAGLE AND KIRKLAND LAKE GOLD
COMPLETE MERGER TRANSACTION
Toronto (February 8, 2022) – Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) (“Agnico
Eagle”) and Kirkland Lake Gold Ltd. (TSX:KL, NYSE:KL, ASX:KLA) (“Kirkland Lake Gold”) are
pleased to announce the successful completion of the previously announced merger of equals
transaction (the “Merger”).
The combined company will continue as Agnico Eagle Mines Limited and will remain listed on the
Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker “AEM”.
In aggregate, Agnico Eagle issued approximately 209,274,263 common shares to former Kirkland
Lake Gold shareholders as consideration for their shares. At the opening of markets today, the
new Agnico Eagle had a market capitalization of approximately US$22.4 billion.
As previously announced, Agnico Eagle’s reconstituted board of directors now consists of: Leona
Aglukkaq, Sean Boyd (Executive Chair), Martine Celej, Robert Gemmell, Jonathan Gill, Peter
Grosskopf, Arnold Klassen, Elizabeth Lewis-Gray, Anthony Makuch (CEO), Deborah McCombe,
Jeffrey Parr (Vice-Chair), J. Merfyn Roberts and Jamie Sokalsky (Lead Director).
The combined company will be led by Sean Boyd, as Executive Chair, Anthony Makuch, as Chief
Executive Officer and Ammar Al-Joundi, as President.
Full details of the Merger and certain other matters are set out in the joint management information
circular of Agnico Eagle and Kirkland Lake Gold and can be found under Agnico Eagle and
Kirkland Lake Gold’s respective profiles on SEDAR at www.sedar.com and EDGAR at
www.sec.gov. A copy of the early warning report of Agnico Eagle in connection with its acquisition
of Kirkland Lake Gold shares will be filed under Kirkland Lake Gold’s profile on SEDAR and can
be obtained by contacting Agnico Eagle as set out below.
Information for Former Kirkland Lake Gold Shareholders
The shares of Kirkland Lake Gold are expected to be de -listed from the TSX on or about the
closing of trading on February 9, 2022 and from the NYSE on or about the opening of trading on
February 9, 2022. The Kirkland Lake Gold CHESS Depositary Interests (“ Kirkland CDIs”) were
suspended from trading on the Australian Stock Exchange (ASX) at the closing of trading on
February 2, 2022 and are in the process of being formally de-listed from the ASX. Kirkland Lake
Gold is in the process of applying to cease to be a reporting issuer under appli cable Canadian
securities laws.
Pursuant to the Merger, former Kirkland Lake Gold shareholder s (including former holders of
Kirkland CDIs) are entitled to receive 0.7935 of an Agnico Eagle common share for each Kirkland
Lake Gold share held. In order to receive Agnico Eagle shares in exc hange for Kirkland Lake
Gold shares, Kirkland Lake Gold registered shareholders must complete, sign, date and return
(together with the certificate or DRS statement representing their shares) the letter of transmittal
that was mailed to them prior to closing of the Merger. The letter of transmittal is also available
under Kirkland Lake Gold’s profile on S EDAR at www.sedar.com and EDGAR at www.sec.gov
and by contacting Computershare Investor Services Inc., the depositary, by telephone at 1- 514-
982-7555 or toll -free in North America at 1- 800-564-6253 or by email at:
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For those shareholders of Kirkland Lake Gold whose shares are registered in the name of a
broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they
should contact such nominee for assistance in depositing their Kirkland Lake Gold shares and
should follow the instructions of such intermediary or nominee. Holders of Kirkland CDIs are not
required to submit a letter of transmittal and should contact the depositary (at its contact details
above) or Computershare Investor Services Pty Limited if they have any questions regarding the
process for receiving the Agnico Eagle shares.
About Agnico Eagle Mines Limited
The new Agnico Eagle is a senior Canadian gold mining company, producing precious metals
from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high- quality
exploration and development projects in these countries as well as in the United States and
Colombia. Agnico Eagle is a partner of choice within the mining industry, recognized globally for
its leading environmental, social and governance practices. The Company was founded in 1957
and has consistently created value for its shareholders, declaring a cash dividend every year
since 1983.
For further information regarding Agnico Eagle, contact Investor Relations at
[email protected] or call (416) 947- 1212. Agnico Eagle’s head office
continues to be located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7.
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at February 8, 2022 . Certain
statements in this news release, referred to herein as “forward- looking statements”, constitute
“forward-looking statements” within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial
securities laws. These statements can be identified by the use of words such as “anticipate”,
“could”, “expect”, “may”, “would” or the negative of such terms and similar expressions. Such
statements include the anticipated timing of de- listing of the Kirkland Lake Gold shares on the
ASX, NYSE and TSX.
Forward-looking statements are necessarily based upon a number of factors and assumptions
that, while considered reasonable by Agnico Eagle and Kirkland Lake Gold as of the date of such
statements, are inherently subject to significant business, economic, operational, and other risks,
uncertainties, contingencies and other factors, including those described below, which could
cause actual results, performance or achievements of Agnico Eagle and Kirkland Lake Gold to
be materially different from results, performance or achievements expressed or implied by such
forward-looking statements and, as such, undue reliance must not be placed on them. Forward -
looking statements are also based on numerous material factors and assumptions. Many factors,
known and unknown, could cause actual results to be materially different from those expressed
or implied by such forward-looking statements. Such risks include, but are not limited to: the failure
of Agnico Eagle and Kirkland Lake Gold to satisfy the requirements to effect the de -listing of
Kirkland Lake Gold on the ASX, NYSE and TSX; and the additional risk factors set out in the joint
management information circular of Agnico Eagle and Kirkland Lake Gold dated October 29,
2021, including under the heading “ Risk Factors”. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date made. Other than
as required by law, Agnico Eagle and Kirkland Lake Gold do not intend, and do not assume any
obligation, to update these forward-looking statements.