The Douay and Joutel projects are contiguous properties positioned in the Abitibi space of Quebec. The Joutel mission hosts Agnico’s previous-producing Telbel Mine.
Agnico has furthermore agreed to total a $6.2 million strategic funding in Maple Gold by subscribing for 25.8 million objects in a non-brokered deepest placement at 23.9 cents per half.
The strategic funding brings Agnico’s stylish half ownership in Maple Leaf to 12.8%
To boot to the strategic funding, Agnico has pledged to exclusively fund $18 million in exploration over a four-year timeframe.