Shares will be issued at a price of C$5.67!!! Clearly setting the tone for higher prices, now wonder why Eric got in at $2.25 at the time….easily could hve been done as a flow through, back then at higher prices......
after all the stock did run over $5.00 when they got put on the S & P 500. So with this, they have over $100,000,000.00 cash in the bank.
Cashed up, ready to roll and Deep Discovery #1 more than half way complete, their first gold bar poured ( picture on their web site )
ITS GO TIME, no longer show time!
J 103
Osisko Mining Inc (C-OSK) - News Release
Osisko Mining arranges $30.02-million financing
2019-07-10 07:39 ET - News Release
Shares issued 263,195,121
OSK Close 2019-07-09 C$ 3.47
Mr. John Burzynski reports
OSISKO MINING ANNOUNCES C$30 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF FLOW-THROUGH SHARES
Osisko Mining Inc. has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. in connection with a bought deal private placement financing of an aggregate of 5,295,000 common shares of the corporation that will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec)).
The Flow-Through Shares will be issued at a price of C$5.67 for aggregate gross proceeds of C$30,022,650.00. In addition, the Company will grant the Underwriters an option (the "Underwriter's Option") to sell an additional 794,250 Flow-Through Shares, at the Issue Price for additional gross proceeds of C$4,503,397.50 exercisable 48 hours prior to the Closing Date.
The gross proceeds from the issue and sale of the Flow-Through Shares will be used by the Corporation to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Corporation's projects in Quebec on or before December 31, 2020. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Shares effective December 31, 2019.
The Offering is expected to close on or about August 8, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. The Flow-Through Shares to be issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Quebec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quevillon area (over 2,700 square kilometres).
We seek Safe Harbor.