TSXV:OIII | OTCQX:OIIIF - O3 Mining
TORONTO, Oct. 10,
2024 /CNW/ - O3 Mining Inc. (TSXV: OIII)
(OTCQX: OIIIF) ("O3 Mining" or the
"Corporation") announces that it has entered into certain
agreements for marketing consulting, promotional or market-making
services, as more particularly described below.
Spark Agreement
The Corporation has entered into a
marketing consulting services agreement (the "Spark
Agreement") with Spark Newswire Inc. ("Spark")
pursuant to which, among other things, Spark is to provide certain
promotional services to the Corporation in accordance with Policy
3.4 – Investor Relations, Promotional and Market-Making
Activities (the "Policy") of the TSX Venture Exchange
(the "Exchange")
Spark's engagement is for an initial term of three months and
will commence in October 10, 2024
(the "Initial Term"). Following the Initial Term, the Spark
Agreement will automatically renew in two-month increments until
cancelled in accordance with its terms. During the Initial Term,
the Corporation shall provide Spark with an active monthly budget
of US$100,000. Following the Initial
Term, the Corporation may elect to continue with an active monthly
budget or switch to a maintenance monthly budget of US$50,000 that provides for reduced services. The
initial payment will be provided as a deposit and subsequent
amounts are thereafter payable following receipt of monthly
invoices.
Spark, which operates out of Vancouver, British Columbia, provides
consulting and capital market advisory services to public
companies. Through Spark's engagement, the Corporation hopes to
increase investor engagement and create more awareness for the
Corporation.
ITG Agreement
The Corporation has also entered into a
market making services agreement (the "ITG Agreement") with
Independent Trading Group (ITG), Inc. ("ITG") pursuant to
which, among other things, ITG has agreed to provide certain
market-making services in accordance with the Policy. Namely, ITG
has been engaged to act as a liaison to the Corporation by
providing information to the Corporation regarding trading patterns
of their securities and contribute to market liquidity, depth and
efficiency by connecting buyers and sellers of the securities of
the Corporation.
ITG engagement will begin on October 10,
2024 and continue for an initial term of one month (the
"ITG Initial Term") and renew for subsequent one month terms
(each an "Additional Term") until terminated by either party
in accordance with the terms of the ITG Agreement.
In consideration for providing its services, ITG is to be paid,
by the Corporation, a monthly fee of $7,000 for the ITG Initial Term and each
Additional Term.
ITG, which operates out of Toronto,
Ontario is a Dealer Member, as defined by the Canadian
Investment Regulatory Organization. By engaging ITG, the
Corporation hopes to ensure continued liquidity and market depth
for its common shares listed on the Exchange.
Streetwise Agreement
The Corporation has also entered
into an agreement (the "Streetwise Agreement" and together
with the Spark Agreement and the ITG Agreement, the
"Agreements") with Streetwise Reports ("Streetwise"
and, together with Spark and ITG, the "Service Providers")
whereby, Streetwise is to create and host a "Company Profile Page"
on Streetwise's platform, which will include materials related to
the Corporation. The services provided by Streetwise under the
Streetwise Agreement are not considered to be Investor Relations
Activities, promotional or market-making activities (each as
defined in the Policy).
The services under the Streetwise Agreement will begin on
October 15, 2024 and continue for a
term of three months. The Corporation will pay Streetwise
US$17,000 for the full three-month
term.
The Corporation anticipates that the services under the
Streetwise Agreement will provide potential and existing investors
with better access to the latest news and public material about the
Corporation and there will be an increase in awareness of the
Corporation.
There are no performance factors in the Agreements and no
Service Provider will receive common shares or options as
compensation for each respective Agreement. Further, each of the
Service Providers is an unrelated and unaffiliated entity in
respect of the Corporation and, at the time of the Agreement, no
Service Provider nor any of their respective principals have an
interest, directly or indirectly, in the securities of the
Corporation or any right or intent to acquire such an interest.
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 (111,000 hectares) in Québec. O3 Mining trades on
the 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.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within
the meaning of the applicable Canadian securities legislation that
is based on expectations, estimates, projections, and
interpretations as at the date of this news release. Any statement
that involves discussions with respect to predictions,
expectations, interpretations, beliefs, plans, projections,
objectives, assumptions, future events or performance including in
respect of the potential for increased investor engagement and
awareness for the Corporation (often but not always using phrases
such as "expects", or "does not expect", "is expected",
"interpreted", "management's view", "anticipates" or "does not
anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking information and are intended to identify
forward-looking information. This forward-looking information is
based on reasonable assumptions and estimates of management of the
Corporation, at the time it was made, involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the companies to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
information. Although the forward-looking information contained in
this news release is based upon what management believes, or
believed at the time, to be reasonable assumptions, the parties
cannot assure shareholders and prospective purchasers of securities
that actual results will be consistent with such forward-looking
information, as there may be other factors that cause results not
to be as anticipated, estimated or intended, and neither the
Corporation nor any other person assumes responsibility for the
accuracy and completeness of any such forward-looking information.
The Corporation does not undertake, and assumes no obligation, to
update or revise any such forward-looking statements or
forward-looking information contained herein to reflect new events
or circumstances, except as may be required by law.
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the 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.
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SOURCE O3 Mining Inc.
