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  • Osisko Green Acquisition (GOGR.UN), a SPAC focused on the shift away from fossil fuels, has completed its C$250 million initial public offering
  • Osisko Green’s target assets may involve mining of battery minerals, refining and processing, or technology and supply chains
  • The SPAC will focus on businesses with an aggregate enterprise value of between $500 million and $1 billion
  • Osisko Green’s Class A Restricted Voting Units will commence trading today on the Toronto Stock Exchange
  • Osisko Green Acquisition (GOGR.UN) is trading at $9.95 per share

Osisko Green Acquisition (GOGR.UN), a SPAC focused on the shift away from fossil fuels, has completed its C$250 million initial public offering.

The offering consisted of 25,000,000 Class A Restricted Voting Units priced at $10.00 per unit.

Each Class A Restricted Voting Unit is comprised of one Class A Restricted Voting Share and one-half of a share purchase warrant.

Each warrant entitles the holder to purchase one Class A Restricted Voting Share for $11.50 commencing 65 days after the closing of a qualifying acquisition up to five years after closing.

Eight Capital led the offering on behalf of BMO Nesbitt Burns, Canaccord Genuity, National Bank Financial and RBC Dominion Securities.

The SPAC’s Class A Restricted Voting Units will commence trading today on the Toronto Stock Exchange. They will trade as a unit for 40 days following the closing of the offering, after which the shares and warrants will trade separately.

Osisko Green’s sponsor is a wholly-owned subsidiary of Osisko Mining (OSK).

Osisko Green is a special purpose acquisition corporation that intends to search for target assets involved in the shift toward green energy, such as mining of battery minerals, refining and processing, technology and supply chains, with an aggregate enterprise value of between $500 million and $1 billion.

Osisko Green Acquisition (GOGR.UN) is trading at $9.95 per share as of 10:23 am ET.

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