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ATEX Resources Inc.

10:56 AM EST - ATEX Resources Inc. : Announced Agnico Eagle Mines Limited has agreed to subscribe for 33,869,939 units of ATEX in a non-brokered private placement at a price of C$1.63 per Unit for total consideration of US$40,000,000 (approximately C$55,208,000). Each Unit is comprised of one common share of ATEX and one-half of one common share purchase warrant of ATEX. ATEX Resources Inc. shares V.ATX are trading up $0.17 at $1.62.