O3 Mining Utilizes Shares for Debt Management

O3 Mining (TSE:OIII) has released an update.

O3 Mining Inc. has opted to issue 215,517 common shares at a price of $1.16 each to cover 50% of its interest payment due on a senior unsecured convertible debenture. This strategic move, subject to TSX Venture Exchange approval, demonstrates the company’s use of share issuance to manage debt obligations. O3 Mining, a promising gold exploration and mine development company in Québec, is advancing towards production with strong capitalization and ownership of all its properties.

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