TSXV:OIII | OTCQX:OIIIF - O3 Mining
TORONTO, Dec. 31,
2024 /CNW/ - O3 Mining Inc. (TSXV: OIII)
(OTCQX: OIIIF) ("O3 Mining" or the "Corporation") announces
that in accordance with the terms of the senior unsecured
convertible debenture issued on June 19,
2023 (the "Debenture"), it has elected to issue to the
holder thereof 151,515 common shares (the "Common Shares") at a
deemed price of $1.65 per Common
Share as payment for, and for the satisfaction of, the amount of
$250,000, representing 50% of the
total interest obligation due and payable by the Corporation in
respect of the December 19, 2024
interest payment owing under the Debenture.
The issuance of the Common Shares as partial payment of the
interest payment owing under the Debenture will be subject to the
terms and conditions of the Debenture as well as the receipt of all
requisite approvals, including the approval of the TSX Venture
Exchange.
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. 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 applicable Canadian securities legislation
that is based on current expectations, estimates, projections, and
interpretations about future events as at the date of this news
release. Forward-looking information and statements are based on
estimates of management by O3 Mining, at the time they were made,
and involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information or statements. Forward-looking
statements in this news release include, but are not limited to,
statements regarding receipt of TSX Venture Exchange approval; the
anticipated next stage of development of the Marban Alliance
project; and the expectation that the Marban Alliance project will
deliver long-term benefits to stakeholders. Although the
forward-looking information contained in this news release is based
upon what O3 Mining believes, or believed at the time, to be
reasonable expectations and assumptions, there is no assurance 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 O3 Mining
nor any other person assumes responsibility for the accuracy and
completeness of any such forward-looking information. No assurance
can be given that these expectations will prove to be correct and
such forward-looking statements included in this news release
should not be unduly relied upon. O3 Mining 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
applicable law. These statements speak only as of the date of this
news release. Nothing contained herein shall be deemed to be a
forecast, projection or estimate of the future financial
performance of O3 Mining.
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.