In This Article:
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Offer is expiring on January 23, 2025
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$1.67 cash offer represents a 58% premium to O3 Mining's closing price on December 11, 2024
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Offer unanimously recommended by Board and Special Committee of O3 Mining
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39% of outstanding shares of O3 Mining have signed Lock-up Agreements to tender to the Offer
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Questions or Need Assistance? Contact Laurel Hill Advisory Group at 1-877-452-7184 or email assistance@laurelhill.com
TORONTO, Jan. 15, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3"), today sent a letter to shareholders of O3 reminding them to promptly tender their common shares in O3 to Agnico's friendly all cash offer of $1.67 per common share. The January 23, 2025 expiry date is quickly approaching and shareholders of O3 are encouraged to tender their shares well in advance of the expiry date to ensure intermediaries have time to process the requests.
Reasons to Tender
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Agnico is offering to acquire your shares for $1.67 in cash per Common Share
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The Offer represents a 58% premium to the closing price of the Common Shares prior to announcement of the Offer
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Agnico and O3 entered into a definitive support agreement, pursuant to which Agnico agreed to offer to acquire all of the outstanding Common Shares in cash by way of a friendly take-over bid
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The Offer is valued at approximately $204 million on a fully diluted in-the-money basis
Locked-Up Shareholders and O3 Board Recommendations
Agnico has entered into lock-up agreements with all directors and officers of O3 and several of O3's largest shareholders, representing approximately 39% of the issued and outstanding Common Shares. These shareholders have agreed to tender their shares to the Offer, and you are encouraged to do the same well in advance of the January 23, 2025 expiry time in order to receive payment in a timely manner.
In addition, the board of directors of O3 has unanimously recommended that shareholders tender their Common Shares to the offer (see How to Tender Your Shares below for details).
To ensure you do not miss out on the Offer, it is critical to tender your shares before 11:59 p.m. (EST) on January 23, 2025 (the "Expiry Time"). Shareholders are encouraged to act well in advance of the Expiry Time to ensure tender instructions are received in a timely manner.
If you have already tendered your shares no further action is required.
How to Tender Your Shares
| Shareholder Type | How do I tender my Common |
| Beneficial Shareholders – Most shareholders are | Contact your bank or your broker |
| Registered Shareholders – You are a registered | Contact Laurel Hill Advisory Group: Phone: 1-877-452-7184 (toll-free) |
If you have any questions or require any assistance with tendering your Common Shares to the Offer, please contact our Depositary and Information Agent: