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Bullboard - Stock Discussion Forum Osisko Metals Inc V.OM

Alternate Symbol(s):  OMZNF

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... see more

TSXV:OM - Post Discussion

Osisko Metals Inc > 6 Million financement !
View:
Post by Goldenwar on Apr 29, 2021 9:27am

6 Million financement !

Osisko Metals Incorporated
Symbol OM
Close 2021-04-27 C$ 0.435
Recent Sedar Documents

 

ORIGINAL: Osisko Metals Closes C$6 Million Private Placement of Flow-Through Shares

 

2021-04-29 08:27 ET - News Release

 

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MONTRAL, April 29, 2021 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Corporation" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has closed its previously-announced brokered private placement, pursuant to which the Corporation sold an aggregate of 12,000,000 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)) ("Flow-Through Shares") at a price of C$0.50 per Flow-Through Share for aggregate gross proceeds of C$6,000,000, including the exercise in full of the agent's option (the "Offering").

The Offering was led by Haywood Securities Inc., as sole agent and book runner ("Haywood"). In consideration for its services, the Corporation paid Haywood a cash commission equal to 6.0% of the gross proceeds of the Offering.

The gross proceeds from the Offering will be used by the Corporation to incur eligible "Canadian exploration expenses" that will qualify as "flowthrough mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures") related to the Corporation's Pine Point Zinc Project, located in the Northwest Territories. All Qualifying Expenditures will be renounced in favour of the subscribers of the FlowThrough Shares effective December 31, 2021.

The securities issued under the Offering are subject to a hold period in Canada expiring four months and one day from the closing date of the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange

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