Rubicon Minerals (RBY +27%) soars after Agnico-Eagle (AEM -4.3%) makes a strategic investment of...

|About: Rubicon Minerals Corp. (RBYCF)|By:, SA News Editor

Rubicon Minerals (RBY +27%) soars after Agnico-Eagle (AEM -4.3%) makes a strategic investment of C$70 million in the company through a 21M share private placement. The true value of this deal is that by surrendering just 9% of its ownership, Rubicon now gains access to Agnico Eagles extensive geological and engineering expertise.