O3 Mining Inc V.OIII

Alternate Symbol(s): OIIIF

Metals & Mining Gold

O3 Mining Inc. is a Canada-based gold explorer and mine developer from its prospective gold camps in Quebec, Canada. The Company owns a 100% interest in all its properties (107,000 hectares) in Quebec. Its projects include Marban Alliance, Horizon, Alpha, Launay, Peacock, Regcourt and Kinebik. The Marban Alliance property is located in the western portion of the province of Quebec, Canada, midway between the towns of Val-d’Or and Malartic and comprises 65 mining claims covering 2,189 hectares. The Horizon property is located directly to the northwest of Marban Alliance. It comprises 192 claims covering 8,778 hectares, contiguous with Marban Alliance. The Alpha Property is located in the Abitibi region, in the Bourlamaque and Louvicourt Townships, over eight kilometers (km) southeast of the city of Val-d’Or in the province of Quebec, Canada. The Launay property is located near the villages of Taschereau and Launay in southern Abitibi, 55 km NNE of Rouyn Noranda.

TSXV:OIII - Post by User

O3 Mining Inc

<< Previous

Bullboard Posts

Next >>

Post by OleBoleon Sep 12, 2024 4:01pm

95 Views

Post# 36221014

Nice little thing

After an upsized C$21M finance closed on 8/28/2024, O3 has C$31M in cash, C$17M in investments and C$10M of convertible debt, with 107.3M shares outstanding and 9.5M warrants @ C$1.45 that expire in 8/2026, fully funding the company into 2026. Management owns 5.5%. and CEO Jose Vizquerra owns 4.7M at an average cost of C$2.34 with the Vizquerra family holding another 2M at a total average cost of C$2.85. Osisko Mining holds 21%, with institutional ownership at 30.6%, leaving a retail float of 42%. This company is a near-term takeover candidate

<< Previous

Bullboard Posts

Next >>

Grand Portage Resources pioneers new gold exploration in Alaska