HOUSTON, TEXAS (Lukas von Koch, Energy Analytics Institute, 18.Mar.2025) — O3 Mining Inc. is now a wholly-owned subsidiary of Agnico Eagle Mines Limited.
This, after Agnico Eagle and O3 Mining completed the acquisition of 100% of the outstanding common shares of O3 Mining pursuant to the amalgamation of O3 Mining and Agnico Eagle Abitibi Acquisition Corp., a wholly-owned subsidiary of Agnico Eagle, the companies said on 18 Mar. 2025 in a joint statement.
The Amalgamation constituted the subsequent acquisition transaction contemplated by Agnico Eagle’s board-supported take-over bid to acquire O3 Mining. Under the Amalgamation, shareholders of O3 Mining, other than Agnico Eagle, will receive $1.67 in cash per common share.
The common shares are expected to be delisted from the TSX Venture Exchange on or around 20 Mar. 2025 and O3 Mining will file an application to cease to be a reporting issuer under Canadian securities laws, the companies said.
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By Lukas von Koch reporting from Houston. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
