09:48 AM EST - Agnico Eagle Mines Limited : announced that Orex Minerals has entered into a letter of intent (the "LOI") with Agnico Eagle with respect to the development of Orex's Barsele Gold Project, located in Sweden. Pursuant to the terms of the LOI, AEM will acquire an initial 55% interest in the Project on payment to Orex of $10 million U.S. ($6 million U.S. on closing of the transaction and $2 million U.S. on each of the first and second anniversaries of closing of the transaction). Agnico Eagle Mines Limited
shares T.AEM are trading up $0.15 at $38.26.
