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O3 Mining Inc (OIIIF) delivers comprehensive updates on gold exploration and development activities in Québec's Abitibi region. This news hub provides investors with verified operational updates, technical reports, and corporate announcements from the company's 100%-owned properties, including its flagship Marban Alliance project.
Access authoritative updates spanning drilling campaign results, mineral resource assessments, and strategic developments. All content reflects the company's adherence to NI 43-101 standards and rigorous QA/QC protocols, ensuring reliable information for investment analysis.
Key coverage areas include exploration program expansions, geochemical survey findings, infrastructure development milestones, and environmental stewardship initiatives. Our neutral reporting maintains focus on verifiable operational progress rather than speculative projections.
Bookmark this page for direct access to O3 Mining's latest technical disclosures and corporate communications. Monitor systematic resource conversion efforts and strategic positioning within Canada's premier gold district through primary-source updates.
Agnico Eagle Mines (NYSE: AEM) has successfully completed its take-over bid for O3 Mining, acquiring 95.6% of O3 Mining's outstanding common shares at $1.67 per share in cash. Following the mandatory 10-day extension period that expired on February 3, 2025, Agnico Eagle now controls 96.5% of O3 Mining's shares.
The companies will proceed with an amalgamation agreement under which Agnico Eagle will acquire the remaining O3 Mining shares. The amalgamation must be approved by two-thirds of O3 Mining shareholders' votes and a simple majority of minority shareholders. The transaction is expected to close before March 31, 2025, after which O3 Mining will be delisted from TSX Venture Exchange and become a private company wholly owned by Agnico Eagle.
Outstanding warrant holders will receive $1.67 in cash per warrant exercise following the amalgamation, instead of common shares. The warrants are currently exercisable at $1.45 until August 28, 2026.
Agnico Eagle has successfully acquired 94.1% of O3 Mining shares through its all-cash takeover bid at $1.67 per share, representing a 58% premium to O3's closing price on December 11, 2024. The aggregate consideration for the 110,424,431 deposited shares amounts to $184,408,800, with payment expected by January 28, 2025.
The offer has been extended to February 3, 2025, allowing remaining shareholders to tender their shares. Following the expiry time, Agnico Eagle plans to pursue a second-step transaction to acquire the remaining shares. The O3 Mining board has been reconstituted to include Agnico Eagle representatives, while José Vizquerra will continue as CEO until the completion of the second-step transaction.
Agnico Eagle Mines has successfully acquired 94.1% of O3 Mining's outstanding shares through its all-cash take-over bid at $1.67 per share, representing a 58% premium to O3 Mining's closing price on December 11, 2024. The aggregate consideration for the 110,424,431 deposited shares amounts to $184,408,800. The offer has been extended to February 3, 2025, allowing remaining shareholders to tender their shares.
Following the successful take-up, O3 Mining's board has been reconstituted to include Agnico Eagle representatives. The transaction will enable Agnico Eagle to advance the Marban Alliance project efficiently. After the expiry time, Agnico Eagle plans to pursue a second-step transaction to acquire the remaining shares not tendered to the offer.
Agnico Eagle Mines (NYSE: AEM) has issued a final reminder for O3 Mining shareholders to tender their shares to its all-cash offer of $1.67 per share, representing a 58% premium to O3 Mining's closing price on December 11, 2024. The offer expires on January 23, 2025 at 11:59 pm EST.
The offer has received strong support, with approximately 39% of outstanding shares already secured through lock-up agreements with directors, officers, and major shareholders. The O3 Mining board unanimously recommends shareholders accept the offer.
If conditions are met, Agnico Eagle will process payments by January 28, 2025. The company intends to acquire 100% of remaining shares in a second-step transaction, expected to close in Q2 2025, without requiring a 90% tender threshold.
Agnico Eagle Mines has issued a final reminder for O3 Mining shareholders to tender their shares to its all-cash offer at $1.67 per share, representing a 58% premium to O3 Mining's closing price on December 11, 2024. The offer expires on January 23, 2025 at 11:59 pm EST.
Approximately 39% of O3 Mining's outstanding shares are already committed through lock-up agreements, including all directors, officers, and several major shareholders. The board of directors unanimously recommends shareholders accept the offer.
If conditions are met, Agnico Eagle will process payments by January 28, 2025. The company intends to acquire 100% of remaining shares in a second-step transaction, expected to close in Q2 2025, without requiring a 90% tender threshold.
Agnico Eagle Mines (NYSE: AEM) reminds O3 Mining shareholders to tender their shares to its all-cash offer of $1.67 per common share before January 23, 2025. The offer represents a 58% premium to O3's closing price on December 11, 2024, and values the company at approximately $204 million on a fully diluted in-the-money basis.
The transaction has received unanimous recommendation from O3's board of directors, and approximately 39% of outstanding shares have already been locked up through agreements with directors, officers, and major shareholders who have committed to tender their shares. Shareholders are urged to act promptly to ensure their tender instructions are processed before the expiry time.
Agnico Eagle Mines has issued a reminder to O3 Mining shareholders regarding their all-cash tender offer of $1.67 per common share, set to expire on January 23, 2025. The offer represents a 58% premium over O3's closing price on December 11, 2024, and values the company at approximately $204 million on a fully diluted basis.
The offer has received unanimous recommendation from O3's board of directors and Special Committee. Notably, 39% of outstanding shares are already committed through lock-up agreements with directors, officers, and major shareholders. Shareholders are urged to tender their shares before the expiry time to ensure timely processing and payment.
Agnico Eagle Mines has launched a friendly all-cash offer to acquire O3 Mining for $1.67 per share, representing a 58% premium to O3's closing price on December 11, 2024. The offer has received unanimous recommendation from O3 Mining's Board and Special Committee, with shareholders representing 39% of outstanding shares already supporting the deal through lock-up agreements. These supporting shareholders include all directors and officers, Gold Fields , Extract Advisors , and certain Franklin Templeton managed funds. Shareholders must tender their shares by January 23, 2025 at 11:59 p.m. EST to participate in this offer.
Agnico Eagle Mines and O3 Mining have announced Gold Fields' support for their takeover bid, where Agnico Eagle offers to acquire all outstanding O3 Mining shares for $1.67 per share in cash. This represents a 57% premium over O3 Mining's 20-day volume-weighted average price on TSX Venture Exchange ending December 11, 2024.
Gold Fields, O3 Mining's largest shareholder with approximately 17% ownership, has agreed to a lock-up agreement with Agnico Eagle. Including this agreement, Agnico Eagle has secured lock-up agreements with shareholders owning about 39% of outstanding shares, including all directors and officers. The offer has received unanimous recommendation from O3 Mining's Board of Directors and Special Committee.
Agnico Eagle Mines (NYSE: AEM) has announced a definitive agreement to acquire O3 Mining in an all-cash transaction valued at approximately $204 million. The offer price of $1.67 per share represents a 57% premium to O3 Mining's 20-day volume-weighted average price as of December 11, 2024.
The primary asset in this acquisition is O3 Mining's Marban Alliance property near Val d'Or, Quebec, adjacent to Agnico Eagle's Canadian Malartic complex. The Marban deposit contains indicated mineral resources of 52.4 million tonnes grading 1.03 g/t gold (1.7 million ounces) and inferred resources of 1.0 million tonnes grading 0.97 g/t gold (32,000 ounces).
The transaction has received unanimous board recommendation and support from shareholders representing 22% of outstanding shares. The offer will remain open until January 23, 2025.
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