# O3 Mining sells Garrison Project to Moneta Porcupine for 30.1% stake

O3 Mining entered into a definitive agreement to sell its subsidiary Northern Gold Mining Inc., which owns the Garrison gold project in Ontario, to Moneta Porcupine Mines in exchange for 149,507,273 common shares of Moneta, representing a 30.1% stake. The companies will also partner to develop the Timmins gold camp.

- Type: Acquisition
- Announced: 2021-01-14
- Where: Kirkland Lake district, Ontario, Canada
- Status: announced
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [O3 Mining](https://endata.com/companies/52524.md) (partner)
- [Moneta Porcupine Mines](https://endata.com/companies/52525.md) (partner)
- [Northern Gold Mining](https://endata.com/companies/52526.md) (target)

## Sources

- [o3mining.mediaroom.com](https://o3mining.mediaroom.com/2021-01-14-O3-Mining-Announces-Sale-Of-Garrison-Project-and-Partnership-with-Moneta-Porcupine-to-Develop-Timmins-Gold-Camp), 2021-01-14: "O3 Mining is pleased to announce that it has entered into a definitive share purchase agreement with Moneta Porcupine Mines Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.