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Under the deal, Agnico Eagle has offered to pay $1.67 per O3 Mining share in cash.

O3 Mining shares closed at $1.06 on the TSX Venture Exchange on Wednesday.

The offer has been unanimously recommended by the O3 Mining board and special committee and supported by shareholders representing 22 per cent of the company's outstanding shares.

The plan requires, among other conditions, at least two-thirds of O3 Mining's shares to be tendered to the offer, excluding the shares already owned or controlled by Agnico Eagle.

This report by ºÃÉ«tvwas first published Dec. 12, 2024.

Companies in this story: (TSX:AEM, TSXV:OIII)