O3 Mining Inc. completed a bought-deal brokered private placement of 2.4 million flow-through shares at C$4.20 each for total proceeds of about C$10.1 million.
The company said Sept. 26 that it will use the proceeds to fund Canadian exploration related to its projects in Quebec.
O3 Mining recently started a 50,000-meter drill program on its properties in Val d'Or, within the Abitibi gold district in Quebec to confirm, upgrade and expand its current resources.
