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TSXV:OIII | OTCQX:OIIIF - O3 Mining
TORONTO, July 4, 2024
/CNW/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF)
("O3 Mining" or the "Corporation") announces that,
effective June 30, 2024, it granted
to certain directors of the Corporation deferred share units of the
Corporation ("DSUs") in satisfaction of certain director fees that
have been settled in DSUs in lieu of cash for the second quarter of
2024. To that end, directors of the Corporation may elect, from
time to time, to receive all or a portion of their director fees in
the form of cash or DSUs. Any fees that are settled in DSUs are
settled on a quarterly basis.
For the second quarter of 2024, an aggregate of 6,679 DSUs were
issued to certain directors effective June
30, 2024 in satisfaction of certain director fees that were
settled in DSUs in lieu of cash, based on the prevailing market
price of $1.31 per common share of
the Corporation.
The DSUs will vest in accordance with the deferred share unit
plan of the Corporation, a copy of which is available on SEDAR+
(www.sedarplus.ca) under O3 Mining's issuer profile (see management
information circular of O3 Mining dated as of May 11, 2022).
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 (107,000 hectares) in Québec. O3 Mining trades on
the TSX Venture 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.
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.
