TORONTO, Jan. 3, 2025 /CNW/ – O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation“) announces that, effective December 31, 2024, it granted to Bernardo Alvarez Calderon, a director of the Corporation, deferred share units of the Corporation (“DSUs”) in satisfaction of certain director fees in lieu of cash for the fourth 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 fourth quarter of 2024, an aggregate of 5,303 DSUs were issued to Bernardo Alvarez Calderon, effective December 31, 2024, in satisfaction of certain director fees in lieu of cash, based on the prevailing market price of $1.65 per common share of the Corporation.
The DSUs will vest in accordance with the deferred share unit plan of the Corporation, a…
