On December 12, 2024, Agnico Eagle Mines Limited and O3 Mining Inc. announced that they entered into a definitive support agreement pursuant to which Agnico Eagle agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of O3 Mining at $1.67 per common share in cash by way of a take-over bid. The offer is valued at approximately $204 million on a fully diluted in-the-money basis.
Cassels is acting as legal advisor to the Special Committee of O3 Mining.