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Osisko Mining files early warning report in respect of O3 Mining
The Fly

Osisko Mining files early warning report in respect of O3 Mining

Osisko Mining filed an early warning report in respect of its holdings in O3 Mining. On December 13, 2023, Osisko acquired an aggregate of 2,430,556 common shares of O3 Mining, by way of private placement, representing approximately 2.8% of the issued and outstanding O3 Shares, for aggregate consideration of $3,500,000.64. Immediately prior to the Transaction, the Corporation had beneficial ownership of, or control and direction over, 15,861,298 O3 Shares, representing approximately 21.2% of the issued and outstanding O3 Shares. Immediately after giving effect to the Transaction, the Corporation had beneficial ownership of, or control and direction over, 18,291,854 O3 Shares, representing approximately 21.3% of the issued and outstanding O3 Shares on an undiluted basis. The O3 Shares were acquired for investment purposes. The Corporation intends to review, on a continuous basis, various factors related to its investment in O3 Mining, and may decide to acquire or dispose of additional securities of O3 Mining as future circumstances may dictate.

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