Osisko Metals Inc V.OM

Alternate Symbol(s): OMZNF

Metals & Mining Copper

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company owns a 100% interest in the past-producing Gaspe Copper mine. The Gaspe Copper mine is located near Murdochville in Quebec's Gaspe Peninsula. In addition to the Gaspe Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance the past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure. Its Mount Copper Expansion Project hosts the undeveloped copper resource in Eastern North America. The Company also owns a group of 199 claims adjacent to its Gaspe Copper Project. The claims cover additional ground near the Gaspe Copper project.

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Osisko Metals Inc

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Post by landlubberon Apr 13, 2010 6:04pm

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Post# 16987802

Osisko Launches Offer

Osisko Formally Launches Friendly Offer to Acquire Brett

MONTREAL, QUEBEC--(Marketwire - 04/13/10) - Osisko Mining Corporation ("Osisko") (TSX:OSK - News) (Frankfurt:EWX - News) today has mailed to shareholders (the "Shareholders") of Brett Resources Inc. ("Brett") (TSX-V:BBR - News) (Frankfurt:A4N - News)and filed with the Canadian securities regulatory authorities and theU.S. Securities and Exchange Commission, the offer and take-over bidcircular (collectively the "Offer Documents"), formally commencingOsisko's friendly offer to acquire (the "Offer") all of the outstandingcommon shares of Brett on the basis of 0.34 of an Osisko common shareand
.0001 in cash for each common share of Brett. As previouslyannounced, Osisko and Brett entered into a support agreement ("SupportAgreement") on March 21, 2010 providing for the terms of the Offer andthe agreement by the board of directors of Brett to recommend thatShareholders accept the Offer. The consideration under the Offerrepresents a premium of 52.5% using the 20-day volume weighted averageprices of Osisko and Brett quoted on the and TSX Venture Exchange, respectively, for the 20 trading day period ending March 16, 2010.

Inaddition, Brett has prepared a Directors Circular in accordance withCanadian securities law requirements, which confirms that the board ofdirectors of Brett has unanimously approved the Offer and hasdetermined it is fair and is in the best interests of Brett and theShareholders and that the board of directors of Brett unanimouslyrecommends that Shareholders accept the Offer and tender their Brettcommon shares to the Offer. The Directors Circular was mailedconcurrently with the Offer Documents.

Full details of the Offerare contained in the Offer Documents and the Directors Circular andShareholders are encouraged to read the documents and to consider theimportant information contained therein. Copies of the Offer Documentsand Directors Circular along with other relevant documents areavailable electronically at www.sedar.com. The Offer is open for acceptance until 5:00 p.m. (Toronto time) on May 19, 2010.

SeanRoosen, President and CEO of Osisko commented "Since the announcementof the Support Agreement, we have met with a number of shareholders ofboth Osisko and Brett and are very pleased with the strong support thatthey have indicated in favour of the Offer. We believe that investorssupport our vision of building Osisko into a leading gold producer withfuture gold output anticipated to exceed 1 million ounces per annum."

Osiskohas retained Kingsdale Shareholder Services Inc. to act as both itsinformation agent and depositary in connection with the Offer.

https://finance.yahoo.com/news/Osisko-Formally-Launches-iw-321502842.html?x=0&.v=1

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