O3 Mining Announces Election to Issue Common Shares in Partial Satisfaction of Convertible Debenture Interest Obligation
TORONTO, June 19, 2024 /PRNewswire/ – O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation”) announces that in accordance with the terms of the senior unsecured convertible debenture issued on June 19, 2023 (the “Debenture”), it has elected to issue to the holder thereof 215,517 common shares (the “Common Shares”) at a deemed price of $1.16 per Common Share as payment for, and for the satisfaction of, the amount of $250,000, representing 50% of the total interest obligation due and payable by the Corporation in respect of the June 19, 2024 interest payment owing under the Debenture.
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