The Prospector News

O3 Mining Sells Its Kinebik Gold Project to Tri Origin Exploration

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

O3 Mining Sells Its Kinebik Gold Project to Tri Origin Exploration






O3 Mining Inc. (TSX-V: OIII) (OTCQX: OIIIF)  is pleased to announce that it has sold its Kinebik Gold Project located between the towns of Matagami and Lebel-sur-Quévillon, in northern Quebec, to Tri Origin Exploration Ltd. Under the terms of the agreement O3 Mining received 2,700,000 common shares of Tri Origin, which are subject to a statutory four month and a day hold period.


After giving effect to the Transaction, the Corporation now holds an aggregate of 5,100,000 shares of Tri Origin, representing approximately 9.87% of the issued and outstanding Tri Origin shares on a non-diluted basis.


Mr. José Vizquerra, O3 Mining’s President and Chief Executive Officer commented: “We are pleased to announce that we have found another strategic partner for one of our non-core assets. We continue to increase value for our shareholders through divestment as a part of our ongoing strategy. We look forward to supporting Tri Origin as they maximize value in the Kinebik Gold Project”.


About O3 Mining Inc.


O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer ready to produce from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support, previous mine-building success, and expertise of the Osisko team as it grows towards being a gold producer with several multi-million ounce deposits in Québec.



Posted April 14, 2021

Share this news article

MORE or ""

Peter Krauth - The Silver Institute, World Silver Survey 2023

In the April issue of Silver Stock Investor, I wrote extensively ... READ MORE

June 2, 2023

American Lithium Arranges $7,160,000 Strategic Investment in Surge Battery Metals

American Lithium Corp. (TSX-V:LI) (NASDAQ:AML) (Frankfurt:5LA1) a... READ MORE

June 2, 2023

Treasury Metals Announces Closing of Private Placement Financing

Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) is pleased to anno... READ MORE

June 2, 2023

Reunion Gold Announces Additional Drill Results From Its Oko West Project, Guyana, Highlighted by Hole D-254 Which Intersected 120.7 M @ 3.13 g/t Au Including High Grade Intercepts Of 35.2 M @ 7.42 g/t Au and 8.4 M @ 9.65 g/t Au

Results continue to confirm the existence and continuity o... READ MORE

June 2, 2023

President of Ecuador Signs Community Consultation Process Decree; Clears Path for BacTech Environmental to Pursue Final Major Permit

BacTech Engages Moody’s to Provide Green Bond Accreditation for... READ MORE

June 1, 2023

Copyright 2023 The Prospector News