Agnico Eagle Mines (AEM) said Tuesday it acquired O3 Mining and merged it with its Agnico Eagle Abitibi Acquisition unit.
The company said O3 Mining shareholders will receive 1.67 Canadian dollars ($1.17) per share in cash.
O3 Mining shares are expected to be delisted from the TSX Venture Exchange on Thursday.
Agnico Eagle's shares were up 0.9% in recent trading.
Price: 106.24, Change: +0.96, Percent Change: +0.91
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