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TSXV:OIII | OTCQX:OIIIF - O3 Mining
TORONTO, April 2,
2024 /CNW/ - O3 Mining Inc. (TSXV: OIII)
(OTCQX: OIIIF) ("O3 Mining" or the "Corporation")
announces that, effective March 31,
2024, it granted to certain directors of the Corporation
deferred share units of the Corporation ("DSUs") in satisfaction of
certain director fees that have been settled in DSUs in lieu of
cash for the first quarter of 2024. To that end, directors of the
Corporation may elect, from time to time, to receive all or a
portion of their director fees in the form of cash or DSUs. Any
fees that are settled in DSUs are settled on a quarterly basis.
For the first quarter of 2024, an aggregate of 5,993 DSUs were
issued to certain directors effective March
31, 2024 in satisfaction of certain director fees that were
settled in DSUs in lieu of cash, based on the prevailing market
price of $1.46 per common share of
the Corporation.
The DSUs will vest in accordance with the deferred share unit
plan of the Corporation, a copy of which is available on SEDAR+
(www.sedarplus.ca) under O3 Mining's issuer profile (see management
information circular of O3 Mining dated as of May 11, 2022).
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 Québec,
Canada. O3 Mining benefits from
the support and expertise of a team of industry leaders as it grows
towards becoming 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 (107,000 hectares) in Québec. O3 Mining trades on
the TSX Venture Exchange (TSXV: OIII) and OTC Markets (OTCQX:
OIIIF). The Corporation is focused on delivering superior returns
to its shareholders and long-term benefits to its stakeholders.
Further information can be found on our website at
https://o3mining.com.
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.
SOURCE O3 Mining Inc.