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Agnico Eagle sold its 18% stake in Royal Road for $5.5 million, exiting all ownership.
Agnico Eagle Mines Ltd. has sold its entire 18% stake in Royal Road Minerals Ltd. for about $5.5 million, disposing of 47.9 million shares at 11.5 cents each, completing the transaction on the Toronto Stock Exchange.
The move, part of a strategic review, allows Agnico Eagle to focus on core projects and monetize non-core holdings.
Following the sale, Agnico Eagle no longer holds any ownership, control, or direction over Royal Road.
In a separate development, Rio2 Ltd. acquired a 15% stake in Royal Road for investment purposes.
The changes mark significant shifts in the company’s ownership structure.
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Agnico Eagle vendió su participación del 18% en Royal Road por $ 5.5 millones, abandonando toda la propiedad.