O3 Mining Shareholders Approve Acquisition by Agnico Eagle

O3 Mining ( (TSE:OIII) ) has provided an announcement.

O3 Mining shareholders have overwhelmingly approved a second-step acquisition by Agnico Eagle Mines Limited through its subsidiary, Agnico Eagle Abitibi Acquisition Corp. This amalgamation, which is part of a board-supported takeover bid, will see O3 Mining shareholders receive $1.67 in cash per common share. The transaction is expected to close on March 18, 2025, marking a significant step in Agnico Eagle’s strategic expansion and potentially impacting the gold mining landscape in Québec.

More about O3 Mining

O3 Mining Inc. is a gold exploration and mine development company based in Québec, Canada. The company owns a 100% interest in its properties, covering 128,680 hectares, with its principal asset being the Marban Alliance project. O3 Mining has been advancing this project over the last five years, aiming to deliver long-term benefits to stakeholders.

YTD Price Performance: 0.61%

Average Trading Volume: 35,228

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $139.5M

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