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Moin, hier nimmt so langsam alles Konturen an.... O3 Mining arranges $10.08-million financing 2019-09-04 08:51 ET - News Release Mr. Jose Vizquerra Benavides reports O3 MINING ANNOUNCES C$10,080,000 MILLION "BOUGHT DEAL" OFFERING O3 Mining Inc. has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters pursuant to which the underwriters have agreed to purchase, on a bought deal private placement basis, 2.4 million common shares of the corporation that will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec)). The 2.4 million flow-through shares will be issued at a price of $4.20 per flow-through share for aggregate gross proceeds of $10.08-million, representing an approximate 61.5-per-cent premium to the closing price of the corporation's common shares on the TSX Venture Exchange on Sept. 3, 2019. In addition, the corporation has agreed to grant the underwriters an option to sell up to an additional 360,000 flow-through shares, at a price of $4.20 per share, for additional gross proceeds to the corporation of up to $1,512,000. The underwriters' option is exercisable up to 48 hours prior to the closing date (as defined herein) of the offering. The gross proceeds from the sale of flow-through shares will be used by the corporation to incur Canadian exploration expenses that qualify as flow-through mining expenditures (as both terms are defined in the Income Tax Act (Canada)) related to the corporation's projects in Quebec. The qualifying expenditures will be renounced in favour of the subscribers of flow-through shares with an effective date no later than Dec. 31, 2019, and in the aggregate amount of not less than the total amount of the gross proceeds raised from the issuance of flow-through shares. The offering is being made by way of private placement in Canada. The flow-through shares will be subject to a four-month hold period under applicable securities laws in Canada. The offering is expected to close on or about Sept. 26, 2019, subject to the satisfaction or waiver of the customary closing conditions and the conditional listing approval of the TSX Venture Exchange. About O3 Mining Inc. O3 Mining's mission is to become a premier gold exploration company in Canada and an emerging consolidator of exploration properties in prospective gold camps in Canada -- focused on projects in Quebec and Ontario -- with a goal of becoming a multimillion ounce, high-growth company. O3 Mining is well-capitalized and holds a 100-per-cent interest in various properties in Quebec (435,000 hectares) and Ontario (25,000 hectares). O3 Mining controls 61,000 hectares in Val d'Or and over 50 kilometres of strike length of the Cadillac Larder break. It comprises a global resource of 3,125,211 gold ounces in Val d'Or (2,066,154 gold ounces of measured and indicated resources at 1.40 g/t Au and 1,059,057 gold ounces of inferred resources at 2.95 g/t Au). O3 Mining begins 50,000-metre drill program 2019-09-04 18:16 ET - News Release Mr. Jose Vizquerra Benavides reports O3 MINING ANNOUNCES 50,000 METER DRILL PROGRAM O3 Mining Inc. has initiated a 50,000-metre drill program on its Val d'Or properties. Jose Vizquerra Benavides, president and chief executive officer, commented: "The financings represent an important milestone. We are initiating work on the Bulldog/Centremaque properties in the Val d'Or area of the prolific Abitibi gold district. Our plan is to commence an aggressive exploration program to confirm, upgrade and expand the current resources with a 50,000-metre drill program. O3 Mining is excited to initiate work in a world-class district that has historically produced over 30 million ounces of gold." Drilling has commenced in the Centremaque area with the objectives of extending the current mineralization. Two additional drill rigs will be mobilized in the coming weeks on the recently discovered Bulldog zone, which has recently returned important gold values, including 10.87 grams per tonne (g/t) gold (Au) over 4.5 metres in hole OAX-18-245 (see Alexandria Minerals' news release dated Dec. 11, 2018). The Bulldog zone was discovered at the end of 2018 and has seen no follow-up. Mineralization at Bulldog is hosted in strongly sheared and altered porphyry intrusions potentially analogous to Canadian Malartic. The Bulldog zone is open in all directions. About O3 Mining Inc. O3 Mining is an emerging consolidator of exploration properties in prospective gold camps in Canada, focused on projects in Quebec and Ontario, with a goal of becoming a multimillion-ounce, high-growth company. The company's goal is to become one of the premier gold exploration companies in Canada. Technical information The scientific and technical content of this news release has been reviewed and approved by Pascal Simard, Eng, BSc, exploration manager, Northern Quebec, for Osisko Mining, who is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Quelle: www.stockwatch.com Jetzt sollte nur mal noch https://o3mining.ca/ online gehen Die Jungs sind definitiv nicht doof und wissen ganz genau wie man das richtig aufzieht,hat ja bereits schon 2x funktioniert. bs |
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| aus der Diskussion: | O3 Mining - Osisko Exploration die 3. |
| Autor (Datum des Eintrages): | boersensoldat (05.09.19 19:51:54) |
| Beitrag: | 11 von 268 (ID:61421900) |
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