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TSXV:OIII | OTCQX:OIIIF - O3
Mining
TORONTO, Jan. 3, 2025
/CNW/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3
Mining" or the "Corporation") announces that, effective
December 31, 2024, it granted to
Bernardo Alvarez Calderon, a
director of the Corporation, deferred share units of the
Corporation ("DSUs") in satisfaction of certain director fees in
lieu of cash for the fourth 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 fourth quarter of 2024, an aggregate of 5,303 DSUs were
issued to Bernardo Alvarez Calderon, effective December 31, 2024, in satisfaction of certain
director fees in lieu of cash, based on the prevailing
market price of $1.65 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 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.
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.
