O3 Mining (TSE:OIII) has released an update.
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O3 Mining Inc. has upsized its public offering to $18.15 million due to strong investor demand, with the deal involving 16.5 million units at $1.10 each. These units include a common share and a half-warrant, with each full warrant allowing the purchase of an additional share at $1.45 within 24 months. The funds raised will be allocated to the development of the Corporation’s assets in Québec and for general corporate purposes.
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