Source: International Mining
  • Osisko Mining (OSK) has completed a bought deal private placement for gross proceeds of C$100 million
  • the company issued a total of 32,260,000 units priced at C$3.10 per unit
  • Net proceeds will be used primarily to advance the corporation’s Windfall Project
  • Osisko is a mineral exploration company focused on the acquisition, exploration and development of precious metal resources in Canada
  • Osisko Mining (OSK) is down 0.32 per cent on the day, trading at C$3.09 per share at 9:40 am ET.

Osisko Mining (OSK) has completed its previously-announced bought deal private placement for total gross proceeds of approximately C$100 million.

Under the offering, the company issued a total of 32,260,000 units, including the full exercise of the underwriters’ over-allotment option.

Each unit, priced at $3.10, consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of C$4.00 for 18 months from the closing of the offering.

Net proceeds will be used to advance the corporation’s Windfall Project as well as for working capital and general corporate purposes.

The offering was led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters that included BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Eight Capital, and Haywood Securities Inc.

All securities issued will be subject to a statutory four-month hold period. 

Osisko is a mineral exploration company focused on the acquisition, exploration and development of precious metal resources in Canada.

Osisko Mining (OSK) is down 0.32 per cent on the day, trading at C$3.09 per share at 9:40 am ET.


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