O3 Mining (TSE:OIII) has released an update.
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O3 Mining Inc. has successfully closed a significant share issuance, raising $550,000 through the private placement of 500,000 units at $1.10 each to a strategic investor. Each unit includes one common share and a half-warrant, which allows the purchase of additional shares at $1.45 for the next 24 months. This financial move aims to bolster the company’s position in the gold exploration and mine development sector within Québec.
For further insights into TSE:OIII stock, check out TipRanks’ Stock Analysis page.
