TORONTO, April 2, 2024 /CNW/ – O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation“) announces that, effective March 31, 2024, it granted to certain directors of the Corporation deferred share units of the Corporation (“DSUs”) in satisfaction of certain director fees that have been settled in DSUs in lieu of cash for the first quarter of 2024. To that end, directors of the Corporation may elect, from time to time, to receive all or a portion of their director fees in the form of cash or DSUs. Any fees that are settled in DSUs are settled on a quarterly basis.
For the first quarter of 2024, an aggregate of 5,993 DSUs were issued to certain directors effective March 31, 2024 in satisfaction of certain director fees that were settled in DSUs in lieu of cash, based on the prevailing market price of $1.46 per common share of the Corporation.
The DSUs will vest in accordance with the deferred share unit plan of the…
