Beaufield closes $6M bought deal led by Osisko Mining

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By Ted Liu

Beaufield Resources Inc. (TSX-V: BFD), a mineral exploration company with its exploration activity focused in Quebec and Ontario, has closed previously announced bought deal private placement of 40,000,000 common shares at $0.10 per share and 13,334,000 flow-though common shares at $0.15 per FT share for aggregate gross proceeds of $6,000,000.

As part of the offering, O3 Investments Inc., a wholly-owned subsidiary of Osisko Mining Inc. (TSX: OSK), subscribed for 31,700,000 shares, which represents 16.4% of the issued and outstanding shares following the closing of the offering.

The offering was underwritten by Eight Capital.

The closing of the offering subject to final approval of the TSX Venture Exchange.

photo credit: Beaufield Resources