TORONTO, March 5, 2024 /CNW/ – O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation“) announces that it has filed a closeout early warning report in respect of its holdings of common shares (“NewOrigin Shares“) of NewOrigin Gold Corp. (“NewOrigin“). On March 5, 2024, O3 Mining by way of a series of trades through the facilities of the TSX Venture Exchange, disposed of an aggregate of 6,600,000 NewOrigin Shares, representing approximately 11.6% of the issued and outstanding NewOrigin Shares, for aggregate gross proceeds of $74,910 (or $0.01135 per NewOrigin Share) (the “Disposition“).
Immediately prior to giving effect to the Disposition, O3 Mining had control or direction over 6,600,000 NewOrigin Shares, representing approximately 11.6% of the outstanding NewOrigin Shares on a basic basis (assuming 56,891,681 NewOrigin Shares are outstanding as of the date hereof). Immediately after giving effect to the…
