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Gold miner Agnico Eagle sells its 18 per cent stake in Royal Road Minerals
['The Canadian Press', 'Mon', 'September', 'At P.M. Gmt', 'Min Read']
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TORONTO — Agnico Eagle Mines Ltd. says it has sold its 18 per cent stake in Royal Road Minerals Ltd. for about $5.5 million.
The gold miner says it sold 47,944,981 shares in Royal Road at a price of 11.5 cents per share.
Royal Road has development projects in Morocco, Saudi Arabia and Colombia.
In a separate news release, Royal Road announced that Rio2 Ltd. has bought a 15 per cent stake in the company.
Companies in this story: (TSX:AEM, TSX:RIO, TSXV:RYR)The Canadian Press