Loading…
Agnico Eagle Mines has agreed to acquire all outstanding shares of O3 Mining at C$1.67 per share in cash, valuing the deal at approximately C$204 million.
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.