RSS Agnico Eagle Commences Offer To Acquire O3 Mining - Quick Facts

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 RSS Agnico Eagle Commences Offer To Acquire O3 Mining - Quick Facts

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Agnico Eagle Mines (AEM, AEM.TO) and O3 Mining have jointly announced that Agnico Eagle, via a wholly-owned subsidiary, has initiated a proposal to purchase all outstanding common shares of O3 Mining that it does not already own, either directly or indirectly. This offer is priced at C$1.67 in cash per share and is part of a friendly take-over bid. Shareholders of O3 Mining have received the offer and take-over bid circular, with the company's board of directors unanimously recommending that they accept the offer. The deadline for the offer is set for 11:59 p.m. on January 23, 2025.

O3 Mining Inc., a gold exploration and mine development company located in Québec, Canada, operates adjacent to Agnico Eagle's Canadian Malartic mine. The company holds a 100% interest in all its Québec-based properties.

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