O3 Mining Congratulates its Largest Shareholder, Osisko Mining in connection with its Announced C$2.16 billion Acquisition by Gold Fields
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) congratulates its largest shareholder, Osisko Mining Inc., on its C$2.16 billion acquisition by Gold Fields The all-cash transaction values Osisko shares at C$4.90 per share, representing a 55% premium to the 20-day volume-weighted average trading price. Osisko holds 18,291,854 common shares, or 20.7%, of O3 Mining. The deal is expected to create synergies and potentially impact O3 Mining's future operations. O3 Mining looks forward to working with Gold Fields following the completion of the transaction, which could bring new opportunities and strategic directions for the company.
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) fa le sue congratulazioni al suo principale azionista, Osisko Mining Inc., per la sua acquisizione da 2,16 miliardi di dollari canadesi da parte di Gold Fields. La transazione interamente in contante valorizza le azioni di Osisko a 4,90 dollari canadesi per azione, rappresentando un premio del 55% rispetto al prezzo medio ponderato per volume negli ultimi 20 giorni. Osisko detiene 18.291.854 azioni ordinarie, pari a 20,7%, di O3 Mining. Si prevede che l'accordo genererà sinergie e potrà avere un impatto sulle future operazioni di O3 Mining. O3 Mining è ansiosa di collaborare con Gold Fields dopo il completamento della transazione, che potrebbe portare nuove opportunità e direzioni strategiche per l'azienda.
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) felicita a su principal accionista, Osisko Mining Inc., por su adquisición de 2.16 mil millones de dólares canadienses por parte de Gold Fields. La transacción, que es completamente en efectivo, valora las acciones de Osisko en 4.90 dólares canadienses por acción, lo que representa un premio del 55% sobre el precio promedio ponderado por volumen de 20 días. Osisko posee 18,291,854 acciones ordinarias, que equivalen a 20.7%, de O3 Mining. Se espera que el acuerdo genere sinergias y potencialmente impacte las futuras operaciones de O3 Mining. O3 Mining espera trabajar con Gold Fields tras la finalización de la transacción, lo que podría traer nuevas oportunidades y direcciones estratégicas para la empresa.
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF)는 최대 주주인 Osisko Mining Inc.의 21억 6천만 캐나다 달러 인수를 Gold Fields가 진행한 것에 축하합니다. 현금 거래는 Osisko 주식의 가치를 주당 4.90 캐나다 달러로 설정하며, 이는 지난 20일의 거래량 가중 평균 가격 대비 55% 프리미엄을 나타냅니다. Osisko는 O3 Mining의 1,829만 1,854주, 즉 20.7%를 보유하고 있습니다. 이 거래는 시너지를 창출하고 O3 Mining의 미래 운영에 영향을 미칠 것으로 기대됩니다. O3 Mining은 거래 완료 후 Gold Fields와 협력할 수 있기를 바라며, 이는 회사에 새로운 기회와 전략적 방향성을 가져올 수 있습니다.
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) félicite son principal actionnaire, Osisko Mining Inc., pour son acquisition de 2,16 milliards de dollars canadiens par Gold Fields. Cette transaction entièrement en espèces valorise les actions d'Osisko à 4,90 dollars canadiens par action, représentant une prime de 55% par rapport au prix moyen pondéré par volume sur 20 jours. Osisko détient 18.291.854 actions ordinaires, soit 20,7% de O3 Mining. L'accord devrait créer des synergies et potentiellement influencer les opérations futures de O3 Mining. O3 Mining se réjouit de collaborer avec Gold Fields après l'achèvement de la transaction, ce qui pourrait apporter de nouvelles opportunités et des orientations stratégiques pour l'entreprise.
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) gratuliert seinem größten Aktionär, Osisko Mining Inc., zu der Übernahme in Höhe von 2,16 Milliarden kanadischen Dollar durch Gold Fields. Die vollständig in Bargeld durchgeführte Transaktion bewertet die Osisko-Aktien mit 4,90 kanadischen Dollar pro Aktie, was einem 55% Aufschlag gegenüber dem volumengewichteten Durchschnittspreis der letzten 20 Tage entspricht. Osisko hält 18.291.854 Stammaktien, was 20,7% von O3 Mining entspricht. Es wird erwartet, dass die Vereinbarung Synergien schafft und potenziell die zukünftigen Operationen von O3 Mining beeinflusst. O3 Mining freut sich darauf, nach Abschluss der Transaktion mit Gold Fields zusammenzuarbeiten, was neue Chancen und strategische Richtungen für das Unternehmen bringen könnte.
- Potential for increased strategic support and resources from Gold Fields as new major shareholder
- 55% premium on Osisko's share price may positively impact O3 Mining's valuation
- Possible access to Gold Fields' expertise and network in the mining industry
- Uncertainty regarding Gold Fields' long-term plans for its stake in O3 Mining
- Potential changes in strategic direction or support from the new major shareholder
TSXV:OIII | OTCQX:OIIIF - O3 Mining
Osisko holds 18,291,854 commons shares which represents
Osisko Mining and Gold Fields Transaction
Osisko has entered into a definitive arrangement agreement dated August 12, 2024 pursuant to which Gold Fields, has agreed to acquire all of the issued and outstanding common shares of Osisko at a price of
About Osisko
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in
About Gold Fields Limited
Gold Fields Limited is a globally diversified gold producer with nine operating mines in
About O3 Mining Inc.
O3 Mining Inc. is a gold explorer and mine developer on the road to produce from its highly-prospective gold camps in
O3 Mining is well-capitalized and owns a
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the proposed Transaction and the terms of thereof and the impact on O3 Mining. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking information is based on estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of the parties to complete the Transactions in accordance with the terms currently contemplated or timing currently expected, or at all, the impact of the Transaction on O3 Mining, and general developments, market and industry conditions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.
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 O3 Mining Inc.
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