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O3 Mining ( (TSE:OIII) ) has shared an announcement.
O3 Mining Inc. has announced the distribution of an information circular to its shareholders regarding the planned amalgamation with Agnico Eagle Abitibi Acquisition Corp., a subsidiary of Agnico Eagle Mines Limited. This amalgamation follows a takeover bid by Agnico Eagle, where O3 Mining shareholders will receive $1.67 in cash per share. Upon completion, O3 Mining will become a wholly-owned subsidiary of Agnico Eagle, leading to its delisting from the TSX Venture Exchange and cessation as a reporting issuer under Canadian securities laws. The transaction is expected to conclude by the end of the first quarter of 2025, significantly impacting O3 Mining’s operational structure and positioning within the industry.
More about O3 Mining
O3 Mining Inc. is a company engaged in the mining industry, primarily focused on exploration and development of gold resources. It operates within the Canadian market and is listed on the TSX Venture Exchange.
YTD Price Performance: 1.92%
Average Trading Volume: 42,227
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $137.2M
Learn more about OIII stock on TipRanks’ Stock Analysis page.
