RE:Flow-through financing ? Why would an exploration like Osisko Mining with a strong balance sheet with $140M cash and
marketable securities do a $13.55 million flow-through private placement financing ?
I can see Integra doing a 25 million share flow-through financing @ .70 for $17.5 million ! What's another 25 million shares at this point ?
The Lamaque Deeps and Toyota target could handle a 100,000 mt drill program ?
Osisko Mining increases private placement to $13.55M
2016-11-21 16:05 ET - News Release
Mr. John Burzynski reports
OSISKO MINING INCREASES PRIVATE PLACEMENT FINANCING OF FLOW-THROUGH SHARES TO $13.55 MILLION
OSISKO MINING INCREASES PRIVATE PLACEMENT FINANCING OF FLOW-THROUGH SHARES TO $13.55 MILLION
Osisko Mining Inc. has entered into an amended engagement letter dated Nov. 21, 2016, with Dundee Securities Ltd. to increase the size of its previously announced best efforts private placement. Under the terms of the amended engagement letter, the agent has now agreed to offer for sale, on a best efforts private placement basis, up to 4,302,136 flow-through common shares of the corporation at a price of $3.15 per flow-through share, for total gross proceeds of up to approximately $13.55-million.