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FINWIRES

Aurion Resources Secures Final Court Approval for Its $481-Million Sale to Agnico Eagle

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Aurion Resources (AU.V) after trade Wednesday said it received final court approval from the Supreme Court of British Columbia for its $481-million sale to Agnico Eagle Mines (AEM.TO, AEM).

Under the agreement, Agnico Eagle will acquire all the Aurion shares it does not already own for C$2.60 per share in cash. The transaction was previously approved by Aurion shareholders and warrant holders at a special meeting held on June 5, according to the statement.

The acquisition still requires final approval from the TSX Venture Exchange and the satisfaction of customary closing conditions. If those requirements are met, the deal is set to close on or around June 15, the company said.

Aurion shares closed down $0.01 to $2.59 on the TSX Venture Exchange.

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