Agnico Eagle Completes Acquisition of 100% of O3 Mining
Agnico Eagle Mines (NYSE: AEM) has successfully completed the acquisition of 100% of O3 Mining through an amalgamation process. Under the terms, O3 Mining shareholders will receive $1.67 in cash per Common Share.
The amalgamation was executed through Agnico Eagle Abitibi Acquisition Corp., making O3 Mining a wholly-owned subsidiary of Agnico Eagle. The Common Shares are expected to be delisted from the TSX Venture Exchange around March 20, 2025, and O3 Mining will apply to cease being a reporting issuer under Canadian securities laws.
Outstanding warrants to acquire Common Shares can be exercised before their expiry, with holders receiving $1.67 in cash instead of Common Shares, as per the amended Warrant Indenture.
Agnico Eagle Mines (NYSE: AEM) ha completato con successo l'acquisizione del 100% di O3 Mining attraverso un processo di fusione. Secondo i termini, gli azionisti di O3 Mining riceveranno 1,67 $ in contanti per ogni azione comune.
La fusione è stata eseguita tramite Agnico Eagle Abitibi Acquisition Corp., rendendo O3 Mining una filiale interamente controllata da Agnico Eagle. Si prevede che le azioni comuni saranno rimosse dalla TSX Venture Exchange intorno al 20 marzo 2025, e O3 Mining farà richiesta per cessare di essere un emittente registrato secondo le leggi sui valori mobiliari canadesi.
I warrant in circolazione per acquisire azioni comuni possono essere esercitati prima della loro scadenza, con i detentori che riceveranno 1,67 $ in contanti invece delle azioni comuni, secondo il Warrant Indenture modificato.
Agnico Eagle Mines (NYSE: AEM) ha completado con éxito la adquisición del 100% de O3 Mining a través de un proceso de fusión. Según los términos, los accionistas de O3 Mining recibirán 1,67 $ en efectivo por cada acción ordinaria.
La fusión se llevó a cabo a través de Agnico Eagle Abitibi Acquisition Corp., convirtiendo a O3 Mining en una subsidiaria de propiedad total de Agnico Eagle. Se espera que las acciones ordinarias sean eliminadas de la TSX Venture Exchange alrededor del 20 de marzo de 2025, y O3 Mining solicitará dejar de ser un emisor reportante bajo las leyes canadienses de valores.
Los warrants en circulación para adquirir acciones ordinarias pueden ejercerse antes de su vencimiento, con los titulares recibiendo 1,67 $ en efectivo en lugar de acciones ordinarias, de acuerdo con el Warrant Indenture modificado.
아그니코 이글 마인스 (NYSE: AEM)는 O3 Mining의 100% 인수를 성공적으로 완료했습니다. 조건에 따라 O3 Mining 주주들은 주당 1.67달러의 현금을 받게 됩니다.
이번 합병은 Agnico Eagle Abitibi Acquisition Corp.를 통해 실행되어 O3 Mining은 Agnico Eagle의 완전 소속 자회사가 되었습니다. 일반 주식은 2025년 3월 20일경 TSX 벤처 거래소에서 상장 폐지될 예정이며, O3 Mining은 캐나다 증권법에 따라 보고 의무를 중단하기 위해 신청할 것입니다.
일반 주식을 인수할 수 있는 미결제 워런트는 만료 전에 행사할 수 있으며, 보유자는 수정된 워런트 계약에 따라 일반 주식 대신 1.67달러의 현금을 받게 됩니다.
Agnico Eagle Mines (NYSE: AEM) a réussi à finaliser l'acquisition de 100 % de O3 Mining par un processus de fusion. Selon les termes, les actionnaires d'O3 Mining recevront 1,67 $ en espèces par action ordinaire.
La fusion a été réalisée par l'intermédiaire d'Agnico Eagle Abitibi Acquisition Corp., faisant d'O3 Mining une filiale entièrement détenue par Agnico Eagle. Les actions ordinaires devraient être radiées de la TSX Venture Exchange autour du 20 mars 2025, et O3 Mining demandera à cesser d'être un émetteur déclarant en vertu des lois canadiennes sur les valeurs mobilières.
Les bons de souscription en circulation pour acquérir des actions ordinaires peuvent être exercés avant leur expiration, les détenteurs recevant 1,67 $ en espèces au lieu d'actions ordinaires, conformément au Warrant Indenture modifié.
Agnico Eagle Mines (NYSE: AEM) hat erfolgreich die Übernahme von 100% von O3 Mining durch einen Fusionsprozess abgeschlossen. Nach den Bedingungen erhalten die Aktionäre von O3 Mining 1,67 $ in bar pro Stammaktie.
Die Fusion wurde über die Agnico Eagle Abitibi Acquisition Corp. durchgeführt, wodurch O3 Mining eine hundertprozentige Tochtergesellschaft von Agnico Eagle wird. Es wird erwartet, dass die Stammaktien etwa am 20. März 2025 von der TSX Venture Exchange abgezogen werden, und O3 Mining wird beantragen, die Berichterstattungspflicht gemäß den kanadischen Wertpapiergesetzen einzustellen.
Ausstehende Warrants zur Erwerbung von Stammaktien können vor ihrem Ablauf ausgeübt werden, wobei die Inhaber 1,67 $ in bar anstelle von Stammaktien erhalten, gemäß dem geänderten Warrant-Indenture.
- Complete acquisition of O3 Mining expands Agnico Eagle's portfolio
- All-cash transaction provides immediate liquidity for O3 Mining shareholders
- None.
Insights
Agnico Eagle has finalized its acquisition of O3 Mining, converting the junior exploration company into a wholly-owned subsidiary. Under the terms of the amalgamation, O3 Mining shareholders will receive
This transaction represents Agnico Eagle's continued strategic consolidation in the Abitibi gold belt of Quebec, one of North America's most prolific gold-producing regions where the company already maintains significant operations. The acquisition aligns with Agnico's long-standing approach of building its resource base in politically stable, mining-friendly jurisdictions where it can leverage existing operational infrastructure and expertise.
While the announcement confirms the transaction's completion, it provides minimal details about O3 Mining's asset valuation or the total acquisition cost. O3 Mining's portfolio primarily consists of exploration and development-stage gold projects in Quebec's Val-d'Or mining district, positioning these assets as potential future development opportunities within Agnico's project pipeline.
For a major gold producer with Agnico Eagle's
(All amounts expressed in Canadian dollars unless otherwise noted)
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
It is expected that the Common Shares will be delisted from the TSX Venture Exchange on or around March 20, 2025 and O3 Mining will file an application to cease to be a reporting issuer under Canadian securities laws.
Additional Information and How to Receive the Consideration
Additional information concerning the Amalgamation is contained in the notice of special meeting and management information circular of O3 Mining (the "Circular") dated February 13, 2025. The Circular is available under O3 Mining's issuer profile on SEDAR+ at www.sedarplus.ca.
In order to receive the Consideration (less applicable withholdings), each registered shareholder must properly complete and duly execute the letter of transmittal enclosed with the Circular and deliver such letter of transmittal, together with all other necessary documents and instruments to Odyssey Trust Company, in its capacity as depositary for the Amalgamation, at the address specified in the letter of transmittal and otherwise in accordance with the instructions contained in the letter of transmittal. Non-registered shareholders whose Common Shares are registered in the name of an investment advisor, broker, bank, trust company, custodian, nominee or other intermediary must contact such intermediary for instructions and assistance in exchanging their Common Shares for the Consideration.
If you have any questions or require assistance, please contact Laurel Hill Advisory Group, by phone at 1-877-452-7187 or by e-mail at assistance@laurelhill.com.
Information for Warrantholders
Any warrants to acquire Common Shares (the "Warrants") that remain outstanding may be exercised prior to the expiry time thereof in accordance with the terms of the Warrant Indenture governing the Warrants, as amended, and will receive on exercise, in lieu of Common Shares,
About Agnico Eagle Mines Limited
Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation that is based on current expectations, estimates, projections, and interpretations about future events as at the date of this news release. Forward-looking information and statements are based on estimates of management by Agnico Eagle and O3 Mining, at the time they were made, and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: the timing for the delisting of O3 Mining from the TSX Venture Exchange and for O3 Mining to cease to be a reporting issuer; and the receipt of
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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SOURCE Agnico Eagle Mines Limited
FAQ
What is the cash consideration per share in Agnico Eagle's acquisition of O3 Mining?
When will O3 Mining shares be delisted following AEM's acquisition?
What happens to O3 Mining warrants after Agnico Eagle's acquisition?
How can O3 Mining shareholders receive their cash consideration from AEM?
