- Osisko Mining (OSK) has received approval from the TSX to renew its NCIB
- Osisko will purchase for cancellation up to a maximum of 28,678,891 common shares
- Osisko Metals is a Canadian exploration and development company
- Osisko Mining Inc. (OSK) opened trading at C$3.72 per share
Osisko Mining (OSK) has received approval from the TSX to renew its NCIB.
Osisko will purchase for cancellation up to a maximum of 28,678,891 common shares, representing 10 per cent of its public float as of December 20, 2021.
Daily purchases will be limited to 138,745 common shares.
Osisko believes that the common shares have been trading at a price that does not adequately reflect their value and that the purchase of common shares for cancellation will be advantageous to all remaining shareholders.
During the prior NCIB Program ending on January 1, 2022, the corporation purchased 12,892,600 common shares at an average price of approximately $3.2076.
Osisko has appointed BMO Nesbitt Burns Inc. to make any purchases under the NCIB program on its behalf.
Osisko Metals is a Canadian exploration and development company that controls one of Canada’s premier past-producing zinc mining camps, the Pine Point Project, located in the Northwest Territories.
Osisko Mining Inc. (OSK) opened trading at C$3.72 per share.
