04:31 PM EDT, 10/03/2024 (MT Newswires) -- O3 Mining ( OIIIF ) after trade Thursday said it completed a non-brokered private placement of flow-through share units at $1.92 each, raising about $1.4 million.

Each flow-through unit includes a tax-advantaged share and half of a warrant to buy a second flow-through share for $1.45 until Aug. 28, 2026.

Funds from the offering will be used to cover eligible "Canadian exploration expenses" related to its projects in Quebec.

O3 shares closed down $0.01 to $1.09 on the TSX Venture Exchange.