Stock Symbol: AEM (NYSE and TSX)
TORONTO, April 13, 2012 /PRNewswire/ - Agnico-Eagle Mines Limited ("Agnico-Eagle") (TSX:AEM) (NYSE:AEM) announced today an amendment to a matter which is to be voted upon at its annual and special shareholder meeting scheduled to be held on Friday, April 27, 2012 (the "Meeting").
The management information circular of Agnico-Eagle dated March 12, 2012 (the "Circular") indicated that at the Meeting, shareholders will be invited to vote on a resolution approving amendments to Agnico-Eagle's stock option plan. At the Meeting, Agnico-Eagle intends to reduce the number of additional shares proposed to be reserved for issuance under the stock option plan from 3,500,000 to 2,500,000. Accordingly, the authorizing resolution (the "Resolution") attached as Appendix B to the Circular will be amended such that "26,800,000" in the first paragraph of the Resolution will be replaced with "25,800,000". With this reduction, Agnico-Eagle has been advised by ISS Proxy Advisory Services that it will consider amending its proxy analysis report regarding the amendments to the stock option plan to a recommendation that shareholders vote for the Resolution.
Management of Agnico-Eagle recommends that the shareholders vote for the approval of this matter at the Meeting.About Agnico-Eagle Agnico-Eagle is a long established, Canadian headquartered gold producer with operations located in Canada, Finland and Mexico and exploration and/or development activities in Canada, Finland, Mexico and the United States. Agnico-Eagle has full exposure to higher gold prices consistent with its policy of no forward gold sales and maintains a corporate strategy based on increasing shareholders' exposure to gold on a per share basis. It has paid a cash dividend for 30 consecutive years. Agnico-Eagle's head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. SOURCE Agnico-Eagle Mines Limited
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV