O3 Mining Announces $15 Million Bought Deal Financing

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TORONTO, Aug. 20, 2024 /CNW/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 13,660,000 units of the Corporation (the "Units"), at a price of $1.10 per Unit (the "Offering Price") for gross proceeds of $15,026,000 (the "UnderwrittenOffering").