LAST BUT NOT LEAST….Agnico planning notes offering

A preliminary prospectus regarding a proposed public offering of convertible notes due in 2004 has been filed in Canada and the U.S. by gold producer Agnico-Eagle Mines (TSE).

The company says the notes are similar to deep discount convertible notes on which a portion of the interest will be payable in cash semi-annually, while the remainder will accrue as long as the notes remain outstanding. The notes will be convertible into a fixed number of Agnico common shares.