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O3 Mining Completes Non-Brokered Private Placement of Flow-Through Units

Newswire.ca - Thu Oct 3, 3:03PM CDT

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TSXV:OIII - O3 Mining

TORONTO, Oct. 3, 2024 /CNW/ - O3 Mining Inc. (TSXV: OIII) ("O3 Mining" or the "Corporation") is pleased to announce the successful completion of a non-brokered private placement (the "Offering") of flow-through units (the "Flow-Through Units") at a price of $1.92 per Flow-Through Unit for gross proceeds of approximately $1.4 million. Each Flow-Through Unit consists of one common share of the Corporation (each, a "Flow-Through Unit Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), each of which will qualify as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)). Each Warrant will entitle the holder to purchase one (non-flow-through) common share of the Corporation at a price of $1.45 per common share until August 28, 2026.

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