Agnico eagle to acquire o3 mining in friendly transaction

All cash offer of $1.67 per share representing a 58% premium to o3 mining's closing price on december 11, 2024 offer unanimously recommended by board and special committee of o3 mining and supported by shareholders representing 22% of outstanding shares of o3 mining (all amounts expressed in canadian dollars unless otherwise noted) toronto , dec. 12, 2024 /prnewswire/ - agnico eagle mines limited (nyse: aem) (tsx: aem) ("agnico eagle") and o3 mining inc. (tsxv: oiii) (otcqx: oiiif) ("o3 mining") are pleased to jointly announce that they have entered into a definitive support agreement (the "definitive agreement"), pursuant to which agnico eagle has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of o3 mining (the "common shares") at $1.67 per common share in cash by way of a take-over bid (the "offer"). the offer is valued at approximately $204 million on a fully diluted in-the-money basis.
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