O3 Mining has granted restricted share units (RSUs) and deferred share units (DSUs) to certain officers, directors, and employees. The RSUs will vest over three years, while the DSUs will vest according to the Corporation's DSU plan. The vesting of both RSUs and DSUs is anticipated to be accelerated in connection with a cash offer by Agnico Eagle Mines Limited to acquire all outstanding shares of O3 Mining.
, the Corporation has granted to certain officers, directors and/or employees of the Corporation an aggregate of 878,817 restricted share units of the Corporation , and 230,750 deferred share units of the Corporation . The RSUs will vest in their entirety over three years from the date of grant, with one-third of the RSUs vesting on each of the first, second and third anniversaries of the date of grant. The DSUs will vest in accordance with the Corporation's DSU plan.
The Corporation anticipates the vesting of RSUs and DSUs will be accelerated in connection with the initial deposit period for the previously announced cash offer ofper common share of the Corporation by an affiliate of Agnico Eagle Mines Limited to acquire all of the issued and outstanding common shares of the Corporation not already owned, directly or indirectly, by Agnico Eagle .
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
With a personal investment of $225 million on the line, much is at stake for Rob McEwen with the success of McEwen Copper’s flagship Los Azules project in Argentina.
Mining Acquisitions Restricted Share Units Deferred Share Units Agnico Eagle
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