#Canada #Toronto #Agnico Eagle #O3 Mining #Gold Fields

Agnico Eagle and O3 Mining Celebrate Gold Fields' Endorsement

Agnico Eagle Mines Limited and O3 Mining Inc. are thrilled to announce that Gold Fields Limited, through its indirect Canadian subsidiary, has agreed to participate in their friendly transaction. As the largest shareholder of O3 Mining, Gold Fields has entered into a lock-up agreement, constituting a significant endorsement for this acquisition. The agreement allows Gold Fields to tender its common shares in Agnico Eagle’s bid to acquire all outstanding shares of O3 Mining, further solidifying their collaborative efforts in the gold mining sector.

Details of the Offer

Agnico Eagle has proposed to acquire O3 Mining shares at a notable price of $1.67 per share. This offer reflects an impressive 57% premium based on the volume-weighted average price of the common shares over the preceding 20 days prior to December 11, 2024, which is the last trading day before the announcement of the offer. This recommended offer has received unanimous support from O3 Mining's Board of Directors and a Special Committee comprising independent directors, illustrating a strong consensus regarding the transaction.

Shareholder Participation and Process

For shareholders wishing to participate in this generous offer, it is crucial that they tender their common shares. Only those who do so will secure the cash consideration of $1.67 per share. Beneficial shareholders, who hold their shares through brokers or financial intermediaries, are encouraged to contact their respective institutions to expedite the tender process. Registered shareholders should reach out directly to the Laurel Hill Advisory Group for assistance.

Given the current environment, notably the ongoing Canada Post labor strike, shareholders are advised to stay informed about the tendering process and not to mail any documentation related to the transaction. The key contact for clarity on these matters remains Laurel Hill Advisory Group, who can provide necessary guidance.

About O3 Mining and Agnico Eagle

O3 Mining is an emerging gold exploration and mine development firm based in Québec, Canada, strategically positioned adjacent to Agnico Eagle's Canadian Malartic mine. The company boasts full ownership of its properties, encompassing an impressive area of 128,680 hectares in Québec. Among its key developments is the Marban Alliance project, which is poised for progression into its next development phase, promising extensive long-term benefits to its stakeholders.

In parallel, Agnico Eagle Mines is renowned as a leading global gold producer. With operations spanning across Canada, Australia, Finland, and Mexico, Agnico Eagle is recognized for not only its financial performance but also for its unwavering commitment to sustainable practices. Founded in 1957, the corporation has maintained a remarkable track record, delivering dividends annually since 1983 and evolving into a partner of choice within the mining community.

Conclusion

The engagement of Gold Fields in this significant transaction reinforces the collaborative efforts between Agnico Eagle and O3 Mining. The joint approach not only reflects confidence in the future of both companies but also highlights the potential for further enhancing value for shareholders. As the acquisition progresses, both firms remain focused on aligning their operational strategies with the overarching goal of achieving substantial growth in the dynamic gold mining sector.