- Osisko (ODV) has announced a non-brokered private placement contingent on an NYSE listing
- The offering will be up to US$10M
- The company intends to use the proceeds for general corporate purposes and to advance its mineral assets
- Osisko Development operates a series of gold properties in Canada and Mexico
- Osisko (ODV) is unchanged trading at $4.43 per share
Osisko (ODV) has announced a non-brokered private placement contingent on an NYSE listing.
The company will offer up to 2,857,142 subscription receipts priced at US$3.50 for proceeds of up to US$10M.
Each receipt entitles the holder to receive one Osisko unit.
Each unit is comprised of one Osisko common share and one warrant.
Each warrant entitles the holder to purchase one additional share for US$6 for five years following the date of issue.
The proceeds will be held in escrow pending, among other things, the completion of Osisko’s listing on the NYSE.
The company intends to use the proceeds for general corporate purposes and to advance its mineral assets.
Osisko Development operates a series of gold properties in Canada and Mexico.
Osisko (ODV) is unchanged trading at $4.43 per share as of 9:35 am EST.
