(All amounts expressed in Canadian dollars
unless otherwise noted)
TORONTO, March 18,
2025 /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 Agnico Eagle has today completed the acquisition of
100% of the outstanding common shares of O3 Mining (the "Common
Shares") pursuant to the amalgamation
(the "Amalgamation") of O3 Mining and Agnico Eagle
Abitibi Acquisition Corp., a wholly-owned subsidiary of Agnico
Eagle. O3 Mining is now a wholly-owned subsidiary of Agnico
Eagle.
The Amalgamation constituted the subsequent acquisition
transaction contemplated by Agnico Eagle's board-supported
take-over bid to acquire O3 Mining. Under the Amalgamation,
shareholders of O3 Mining, other than Agnico Eagle, will receive
$1.67 in cash per Common Share (the
"Consideration").
It is expected that the Common Shares will be delisted from the
TSX Venture Exchange on or around March 20,
2025 and O3 Mining will file an application to cease to
be a reporting issuer under Canadian securities laws.
Additional Information and How to Receive the
Consideration
Additional information concerning the Amalgamation is contained
in the notice of special meeting and management information
circular of O3 Mining (the "Circular") dated February 13, 2025. The Circular is
available under O3 Mining's issuer profile on SEDAR+ at
www.sedarplus.ca.
In order to receive the Consideration (less applicable
withholdings), each registered shareholder must properly complete
and duly execute the letter of transmittal enclosed with the
Circular and deliver such letter of transmittal, together with all
other necessary documents and instruments to Odyssey Trust Company,
in its capacity as depositary for the Amalgamation, at the address
specified in the letter of transmittal and otherwise in accordance
with the instructions contained in the letter of transmittal.
Non-registered shareholders whose Common Shares are registered in
the name of an investment advisor, broker, bank, trust company,
custodian, nominee or other intermediary must contact such
intermediary for instructions and assistance in exchanging their
Common Shares for the Consideration.
If you have any questions or require assistance, please contact
Laurel Hill Advisory Group, by phone at 1-877-452-7187 or by e-mail
at assistance@laurelhill.com.
Information for Warrantholders
Any warrants to acquire Common Shares (the "Warrants")
that remain outstanding may be exercised prior to the expiry time
thereof in accordance with the terms of the Warrant Indenture
governing the Warrants, as amended, and will receive on exercise,
in lieu of Common Shares, $1.67 in
cash. The Warrant Indenture has been amended by a supplemental
indenture to give effect to the foregoing. In connection such
amendment, the exercise form to be used by holders of outstanding
Warrants has been amended and replaced with an amended exercise
form attached as Appendix E to the Circular. For additional
information, please contact
investor.relations@agnicoeagle.com or call (416) 947-1212.
About Agnico Eagle Mines Limited
Agnico Eagle is a Canadian based and led senior gold mining
company and the third largest gold producer in the world, producing
precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of high-quality
exploration and development projects. Agnico Eagle is a partner of
choice within the mining industry, recognized globally for its
leading sustainability practices. Agnico Eagle was founded in 1957
and has consistently created value for its shareholders, declaring
a cash dividend every year since 1983.
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 Agnico Eagle and 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: the timing for the delisting of O3 Mining
from the TSX Venture Exchange and for O3 Mining to cease to be a
reporting issuer; and the receipt of $1.67 in cash on the exercise of Warrants.
Material factors or assumptions that were applied in formulating
the forward-looking information contained herein include, without
limitation, expectations relating to the timing for the delisting
of the Common Shares and O3 Mining (or its successor) filing an
application to cease to be a reporting issuer under applicable
securities laws; and expectations concerning the outstanding
Warrants. Agnico Eagle and O3 Mining caution that the foregoing
list of material factors and assumptions is not exhaustive.
Although the forward-looking information contained in this news
release is based upon what Agnico Eagle and O3 Mining believe, 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 Agnico Eagle 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. Agnico Eagle and O3 Mining do not
undertake, and assume 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 Agnico Eagle or any of its affiliates or
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.
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SOURCE Agnico Eagle Mines Limited
