Jan 5 (Reuters) - China's Shandong Gold Mining 600547.SS said on Tuesday it had signed a deal to allow Canadian miner Agnico Eagle Mines AEM.TO to take over its recently blocked bid to acquire TMAC Resources TMR.TO at a higher price.
Shandong Gold said last month its C$230 million ($180.6 million) bid for TMAC had been blocked by the Canadian authorities on national security grounds. Agnico Eagle will bid 2.2 Canadian dollars per share for TMAC, which has a gold mine in Canada's far north, up from the C$1.75 per share Shandong Gold was to pay for the company, according to a filing to the Shanghai Stock Exchange.
($1 = 1.2737 Canadian dollars)