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O3 Mining sells its Ontario-based Golden Bear assets to Moneta Porcupine Mines for 30% ownership

O3 Mining Inc (CVE:OIII) (OTCQX:OIIIF) CEO Jose Vizquerra tells Proactive the group has agreed to sell its wholly-owned Northern Gold Mining subsidiary to Moneta Porcupine Mines Inc (TSE:ME) (OTCMKTS:MPUCF) (FRA:MOP) in exchange for 149,507,273 Moneta common shares, which would give O3 Mining a 30.1% ownership interest in Moneta Porcupine.

Vizquerra explains how the sale unlocks value for shareholders, through its investment in, and ongoing support of its new partner.

Quick facts: O3 Mining Inc

Price: 2.54 CAD

TSX-V:OIII
Market: TSX-V
Market Cap: $172.73 m
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O3 Mining reports results from Simkar sector as they continue exploration of...

O3Mining (CVE: OIII- OTCQX: OIIIF) CEO Jose Vizquerra joined Steve Darling from Proactive with news the company has released more results from their Alpha Property. Vizquerra sharing results from the Simkar Sector. Vizquerra also talked about the completion of the sale of the Garrison Project...

4 days, 7 hours ago

2 min read