- Offer is expiring on January 23,
2025
- $1.67 cash offer represents a
58% premium to O3 Mining's closing price on December 11, 2024
- Offer unanimously recommended by Board and Special Committee
of O3 Mining
- 39% of outstanding shares of O3 Mining have signed Lock-up
Agreements to tender to the Offer
- Questions or Need Assistance? Contact Laurel Hill Advisory
Group at 1-877-452-7184 or email
assistance@laurelhill.com
TORONTO, Jan. 15,
2025 /PRNewswire/ - Agnico Eagle Mines Limited
(NYSE: AEM) (TSX: AEM) ("Agnico") and O3 Mining Inc. (TSXV:
OIII) (OTCQX: OIIIF) ("O3"), today sent a letter to
shareholders of O3 reminding them to promptly tender their common
shares to Agnico's friendly all cash offer of $1.67 per common share. The January 23, 2025 expiry date for the cash offer
is quickly approaching and shareholders of O3 are encouraged to
tender their shares well in advance of the expiry date to ensure
intermediaries have time to process the requests.
Reasons to Tender
- Agnico is offering to acquire your shares for $1.67 in cash per Common Share
- The Offer represents a 58% premium to the closing price of the
Common Shares prior to announcement of the Offer
- Agnico and O3 entered into a definitive support agreement,
pursuant to which Agnico agreed to offer to acquire all of the
outstanding Common Shares in cash by way of a friendly take-over
bid
- The Offer is valued at approximately $204 million on a fully diluted in-the-money
basis
Locked-Up Shareholders and O3 Board Recommendations
Agnico has entered into lock-up agreements with all directors
and officers of O3 and several of O3's largest shareholders,
representing approximately 39% of the issued and outstanding Common
Shares. These shareholders have agreed to tender their shares to
the Offer, and you are encouraged to do the same well in advance of
the January 23, 2025 expiry time in
order to receive payment in a timely manner.
In addition, the board of directors of O3 has unanimously
recommended that shareholders tender their Common Shares to the
offer (see How to Tender Your Shares below for details).
To ensure you do not miss out on the Offer, it is critical to
tender your shares before 11:59 p.m.
(EST) on January 23, 2025 (the
"Expiry Time"). Shareholders are encouraged to act well in advance
of the Expiry Time to ensure tender instructions are received in a
timely manner.
If you have already tendered your shares no further action is
required.
How to Tender Your Shares
|
Shareholder Type
|
How do I tender
my Common Shares?
|
|
Beneficial
Shareholders – Most shareholders are beneficial shareholders.
This means your Common Shares are held through a broker, bank or
other intermediary, and you do not have a share certificate or DRS
advice
|
Contact your bank or
your broker immediately and instruct them to tender your Common
Shares to the Offer
|
|
Registered Shareholders – You are a registered shareholder
if you hold your Common Shares directly (through a share
certificate, DRS advice or other method of direct
ownership)
|
Contact Laurel
Hill Advisory Group:
Phone: 1-877-452-7184 (toll-free)
Email: assistance@laurelhill.com
|
If you have any questions or require any assistance with
tendering your Common Shares to the Offer, please contact our
Depositary and Information Agent:
Laurel Hill Advisory Group
North American Toll-Free: 1-877-452-7184
Outside North America:
+1-416-304-0211
E-mail: assistance@laurelhill.com
Visit us at www.agnicoeagle.com/Offer-for-O3-Mining to
receive the most up-to-date information about the Offer.
About O3 Mining Inc.
O3 Mining Inc. is a gold explorer and mine developer in Québec,
Canada, adjacent to Agnico Eagle's
Canadian Malartic mine. O3 Mining owns a 100% interest in all its
properties (128,680 hectares) in Québec. Its principal asset is the
Marban Alliance project in Québec, which O3 Mining has advanced
over the last five years to the cusp of its next stage of
development, with the expectation that the project will deliver
long-term benefits to stakeholders.
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 Canada, Australia, Finland and Mexico, with a pipeline of high-quality
exploration and development projects. Agnico Eagle is a partner of
choice within the mining industry, recognized globally for its
leading environmental, social and governance practices. Agnico
Eagle was founded in 1957 and has consistently created value for
its shareholders, declaring a cash dividend every year since
1983.
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SOURCE O3 Mining Inc.
