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O3 Mining (TSXV:OIII) closes $18.7M private placements

Mining
TSXV:OIII
24 August 2022 09:15 (EDT)

Source: DigiGeoData

O3 Mining (OIII) has completed its brokered and non-brokered private placements for total gross proceeds of approximately $18.7 million.

Under the brokered tranche of the offering, the company issued 3,686,430 charitable flow-through shares for gross proceeds of approximately $10.7 million and 1,300,000 flow-through shares for gross proceeds of $3 million.

The non-brokered tranche included 2,164,500 flow-through shares for $2.31 per share for gross proceeds of $4,999,995.

O3 Mining is a gold explorer on the road to produce from its highly prospective gold camps in Québec, Canada. O3 Mining owns a 100 per cent interest in all its properties (66,000 hectares) in Québec.

O3 Mining Inc. (OIII) opened trading at C$1.51.


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