O3 Mining to Merge with Agnico Eagle Subsidiary

O3 Mining ( (TSE:OIII) ) just unveiled an announcement.

O3 Mining Inc. has announced the mailing of an information circular for a special meeting to approve its amalgamation with Agnico Eagle Abitibi Acquisition Corp., a subsidiary of Agnico Eagle Mines Limited. This transaction, part of Agnico Eagle’s takeover bid, will see O3 Mining become a wholly-owned subsidiary, with shareholders receiving $1.67 per share. The amalgamation is expected to close by the end of Q1 2025, after which O3 Mining’s shares will be delisted from the TSX Venture Exchange, and the company will cease to be a reporting issuer under Canadian securities laws.

More about O3 Mining

O3 Mining Inc. is a gold explorer and mine developer based in Québec, Canada, with a 100% interest in its properties, including the Marban Alliance project. The company focuses on advancing its projects to deliver long-term benefits to stakeholders. Agnico Eagle Mines Limited, a senior gold mining company and the third largest gold producer globally, is recognized for its sustainability practices and has operations in Canada, Australia, Finland, and Mexico.

YTD Price Performance: 1.75%

Average Trading Volume: 32,377

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $140.3M

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