Agnico-Eagle Raising Money (in this market?)

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Agnico-Eagle Raising Money (in this market?)

posted on Nov 19, 2008 09:18AM

Below is a little snip from an Agnico-Eagle press release today. Could it be that AEM is loading the gun with a bullet or two for some possible little-game hunting? Could be. There are some easy well-fed targets out there.
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Agnico-Eagle Announces US$252 Million Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES
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"This financing is a prudent measure to secure our ongoing production growth and strengthen our financial position", said Sean Boyd, Vice-Chairman and Chief Executive Officer. "It also puts the Company in an excellent position to further new internal expansion opportunities and to continue to aggressively grow our gold reserves within our portfolio of high quality deposits", added Mr. Boyd.

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