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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: 2.47 CAD

Market: TSX-V
Market Cap: $167.97 m

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O3 Mining take major step forward with the announcement of 250,000 metres of...

O3 Mining (CVE: OII- OTCQX: OIIIF) CEO Jose Vizquerra joined Steve Darling from Proactive to share details the company has announced a 250,000-metre drill program for their projects in Val-d'Or, Quebec. Vizquerra talks about the program and where they will be drilling. He also talks about how...

2 days, 5 hours ago

2 min read