Osisko Mining announces $5M FT offering

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By CPE News

Montreal (pcJ News Briefs) – Osisko Mining Inc. (TSX: OSK) has engaged Canaccord Genuity Corp. and Eight Capital as co-lead underwriter for a bought deal private placement of 700,000 flow-through (FT) common shares at $7.15 per FT share for gross proceeds of $5,005,000.

Porceeds will be used to fund “Canadian exploration expenses” related to Osisko’s projects in Ontario.

The offering is expected to close on or about April 27, 2017.

Osisko Mining Inc. holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry and Lebel-sur-Quévillon areas, a 100% interest in the Marban project located in the heart of Québec’s prolific Abitibi gold mining district, and properties in Ontario, including the Jonpol and Garrcon deposits on the Garrison property. Osisko is well financed with approximately $190 million in cash and investments.

photo credit: Osisko Mining