Agnico Eagle to Acquire O3 Mining in Friendly $204 Million Transaction

Agnico Eagle Mines Limited and O3 Mining Inc. have jointly announced that they have entered into a definitive support agreement, pursuant to which Agnico Eagle has 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.

Bennett Jones is acting as legal advisor to O3 Mining.

The Bennett Jones team is led by Sander Grieve, KC and Andrew Disipio and includes Jean Tessier, Vanessa Trépanier, Jeff Taylor, Benjamin Gal, Sam Kennedy, Michelle Galati, Jennifer Huang, Jordan Eljabri (M&A/Mining), Phil Ward, Julia Wang (Tax), Zee Derwa (Competition), Talia Bregman (Employment) and Simon Grant (Financial Services).

Read the transaction press release.