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Agnico Eagle Mines Limited

11:46 AM EST - Agnico Eagle Mines Limited : And O3 Mining Inc. jointly announced that Agnico Eagle, through a wholly-owned subsidiary, has commenced its offer to acquire all of the issued and outstanding common shares of O3 Mining not already owned, directly or indirectly, by Agnico Eagle for $1.67 in cash per Common Share, pursuant to a friendly, board-supported takeover bid by delivering the Offer and take-over bid circular to O3 Mining shareholders. Agnico Eagle Mines Limited shares T.AEM are trading down $0.38 at $111.85.