TSXV:OIII | OTCQX:OIIIF – 03 Mining

TORONTO, Sept. 28, 2021 /CNW/ – 03 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation”) is pleased to announce that the TSX Venture Exchange (the “Exchange“) has accepted the Corporation’s notice to implement a normal course issuer bid (“NCIB“) to purchase, for cancellation, up to 4,482,072 of its common shares (the “Shares“), representing approximately 10% of the Corporation’s “public float“.

The NCIB will be made through the facilities of the Exchange and the purchase and payment for the Shares will be made in accordance with the Exchange requirements at the market price of the Shares at the time of acquisition. All Shares purchased by the Corporation under the NCIB will be cancelled.

The Corporation has engaged BMO Nesbitt Burns Inc. to act as its agent to conduct the NCIB transactions.

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03 Mining management comments

O3 Mining’s management believes that the Shares have been trading in a price range which does not adequately reflect their value and that the purchase of the Shares under the NCIB is in the best interests of the Corporation, a desirable use of its available cash, and will enhance shareholder value in general.

To the knowledge of the Corporation, no director, senior officer or other inside of the Corporation currently intends to sell any shares under the NCIB.

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To read the full news release, please click HERE

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About O3 Mining Inc.

O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer on the road to produce from its highly prospective gold camps in Québec, Canada.

O3 Mining benefits from the support, previous mine-building success, and expertise of the Osisko team as it grows towards being a gold producer with several multi-million ounce deposits in Québec.

O3 Mining is well-capitalized and owns a 100% interest in all its properties (137,000 hectares)

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If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds 03 Mining shares bought in the market at the prevailing price on the day of purchase.

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