Agnico Eagle sells 47,944,981 ordinary shares of Royal Road Minerals

Agnico Eagle (AEM) Mines announced that it sold 47,944,981 ordinary shares of Royal Road Minerals Limited through the facilities of the Toronto Stock Exchange at a price of C$0.115 per Ordinary Share for total consideration of C$5,513,673. Immediately prior to the Disposition, Agnico Eagle had beneficial ownership of, or control or direction over, 47,944,981 Ordinary Shares, representing approximately 18% of the issued and outstanding Ordinary Shares on a non-diluted basis. After giving effect to the Disposition, Agnico Eagle does not have beneficial ownership of, or control or direction over, any Ordinary Shares.