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 stuntson Apr 18, 2017 12:33pm

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Post# 26132600

Osisko Mining Details $5 Mln Bought Deal Flow-Through Equity

18 Apr 2017 10:53 ET

10:53 AM EDT, 04/18/2017 (MT Newswires) -- Osisko Mining (OSK.TO) has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity and Eight Capital, under which the underwriters have agreed to purchase, on a bought deal basis, 700,000 flow-through common shares of the corporation at a price of $7.15 per share for gross proceeds of just over $5 million. The share price represents a 31% premium to the closing price of common shares of the corporation on the TSX on Apr. 17, 2017.

The gross proceeds from the offering will be used to fund Canadian exploration expenses related to Osisko's projects in Ontario.

The offering is being made by way of private placement in Canada and the securities will not be offered or sold in the United States. The offering is expected to close on or about Apr. 27, 2017, and is subject to customary closing conditions.

MT Newswires Click for Restrictions.

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