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Vinge advises Agnico Eagle in connection with its acquisition of a majority stake in and joint venture regarding Gunnarn Mining AB

June 18, 2015

Vinge advises Agnico Eagle Mines Limited in connection with its acquisition of a 55% interest in Gunnarn Mining AB, the owner of the Barsele Gold Project, from Orex Minerals Inc. for US $10 million and the entering into of a joint venture agreement for the management and operation of Gunnarn Mining AB and the exploration and development of the Barsele project. As part of the transaction, Agnico Eagle granted a royalty interest in the project to Orex, has committed to spend US $7 million over three years and will earn an additional 15% interest in Gunnarn Mining AB if it completes a pre-feasibility study. The transaction was completed on 11 June 2015.

Vinge advises Agnico Eagle on Swedish law matters and in co-operation with Davies Ward Phillips & Vineberg LLP. Vinge’s team consists of M&A partners Malin Ohlin and Peter Sundgren, associates Kajsa Hallner (M&A), Isabell Nielsen (commercial agreements), Lova Unge (employment and benefits), Tora Hansjons (tax) and counsels Maria Schultzberg (tax) and Johan Cederblad (real estate and environment).

 

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