09:53 AM EST - Grayd Resource Corporation : and Agnico-Eagle Mines Limited jointly announced that they have entered into an acquisition agreement, pursuant to which Agnico-Eagle has agreed to offer to acquire all of the outstanding common shares of Grayd at $2.80 per share by way of a takeover bid. The transaction is valued at approximately $275 million on a fully-diluted basis. The offer price of $2.80 per Grayd share represents a premium of 65.7% to the volume weighted average price of Grayd shares on the TSX Venture Exchange for the 20-day period ended September 16, 2011. Grayd Resource Corporation
shares V.GYD are trading up $0.79 at $2.74.
