O3 Mining Inc (TSE:OIII) has released an update.
O3 Mining Inc., a Canadian gold explorer and developer, has issued 5,993 deferred share units (DSUs) to its directors for the first quarter of 2024, compensating them with stock in place of cash based on a share price of $1.46. This move aligns with the company’s flexible compensation strategy, allowing directors to choose between cash and stock for their fees. O3 Mining, which is on track to production in Quebec’s gold camps, is fully funded and controls all of its properties.
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