14:19:43 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Osisko Mining Inc
Symbol OSK
Shares Issued 161,990,656
Close 2017-02-03 C$ 3.57
Market Cap C$ 578,306,642
Recent Sedar Documents

Osisko Mining increases bought deal to $52-million

2017-02-06 11:06 ET - News Release

Mr. John Burzynski reports

OSISKO MINING ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO $52 MILLION

Due to strong demand, Osisko Mining Inc. has increased the size of its previously announced private placement to 15,327,000 units at a price of $3.40 per unit for aggregate gross proceeds to the company of approximately $52-million. The offering is being led by BMO Capital Markets and Canaccord Genuity Corp. Each unit comprises one common share of the corporation and one whole common share purchase warrant of the corporation. Each warrant will entitle the holder thereof to purchase one common share at a price of $5 per share for a period of 18 months following the closing date of the offering. The corporation intends to use the net proceeds of the offering to continue exploration and development of the Windfall Lake gold project and for general corporate purposes. The offering is anticipated to close on or about Feb. 28, 2017, 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 securities issued under the offering will be subject to a hold period expiring four months and one day from the closing date of the offering. The corporation has concurrently announced a bought deal private placement of 5.45 million flow-through common shares of the corporation at a price of $5.52 per share for aggregate gross proceeds of approximately $30-million. That offering is expected to close on or about Feb. 28, 2017, 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.

About Osisko Mining Inc.

Osisko holds a 100-per-cent interest in the high-grade Windfall Lake gold deposit located between Val d'Or and Chibougamau in Quebec and holds a 100-per-cent undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), as well as a 100-per-cent interest in the Marban project located in the heart of Quebec's prolific Abitibi gold mining district, and properties in the Larder Lake mining division in Northeastern Ontario, including the Garrcon and Jonpol zones on the Garrison property, the Buffonta past-producing mine and the Gold Pike mine property. The corporation also holds interests and options in a number of additional properties in Northern Ontario. Osisko continues to be well financed and has approximately $90-million in cash and cash equivalents, as well as equity investments of approximately $50-million.

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