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O3 Mining ( (TSE:OIII) ) has issued an announcement.
Agnico Eagle Mines Limited has successfully acquired 94.1% of O3 Mining’s outstanding common shares through a board-supported take-over bid, which offered a significant premium of 58% on the share price. The acquisition, valued at approximately $184.4 million, allows Agnico Eagle to further advance the Marban Alliance project, leveraging its financial strength and mining expertise for future development.
More about O3 Mining
O3 Mining Inc. is a company involved in the mining industry. It focuses on the exploration and development of mining projects, with a notable emphasis on the Marban Alliance project.
YTD Price Performance: 0.88%
Average Trading Volume: 37,433
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $131M
See more insights into OIII stock on TipRanks’ Stock Analysis page.
