- Osisko Metals Incorporated (OM) has entered into an agreement for a private placement of up to 10 million flow-through shares
- Haywood Securities Inc. is the sole bookrunner
- Shares will be priced at $0.50 for gross proceeds of up to C$5,000,000
- Proceeds will be allocated to exploration expenses related to the Osisko’s Pine Point Zinc Project
- The offering is expected to close on or about April 29, 2021
- Osisko Metals Incorporated is a Canadian exploration and development company
- Osisko Metals Incorporated (OM) is unchanged on the day, trading at $0.445 per share
Osisko Metals Incorporated (OM) has entered into an agreement with Haywood Securities for a private placement of up to 10,000,000 flow-through shares.
Shares will be priced at $0.50 for gross proceeds of up to C$5,000,000.
Haywood has been granted an option to sell up to an additional 2,000,000 flow-through shares for additional gross proceeds of up to $1,000,000, exercisable at any time by Haywood up to 48 hours prior to the closing of the offering.
Proceeds will be used to incur eligible “Canadian exploration expenses” related to the Corporation’s Pine Point Zinc Project, located in the Northwest Territories.
The offering is expected to close on or about April 29, 2021 and is subject to certain closing conditions including the receipt of all necessary regulatory approvals.
Securities issued under the offering will be subject to a hold period of four months and one day from the closing date of the offering.
Haywood Securities Inc. will receive a cash commission equal to 6.0 per cent of the gross proceeds of the offering.
Osisko Metals Incorporated is a Canadian exploration and development company.
The company controls one of Canada’s premier past-producing zinc mining camps, the Pine Point Project, located in the Northwest Territories.
Osisko Metals Incorporated (OM) is unchanged on the day, trading at $0.445 per share.