On August 28, 2024, O3 Mining Inc. completed an upsized bought deal public offering of 18,975,000 units of the company at a price of $1.10 per unit for aggregate gross proceeds of approximately $21 million, which includes the full exercise of the underwriter’s over-allotment option.
Canaccord Genuity Corp. acted as lead underwriter and sole-bookrunner on behalf of a syndicate of underwriters that included CIBC World Markets Inc., Cormark Securities Inc., Eight Capital, National Bank Financial Inc., SCP Resource Finance LP and Velocity Trade Capital Ltd.
Cassels acted for the underwriters.