Source: Osisko Metals Inc.
  • Osisko Metals (OM) has announced a C$10M bought deal private placement of flow-through shares and units
  • The company will issue 14,815,000 flow-through units and up to 4,000,000 flow-through shares
  • The offering is expected to close on June 16, 2022
  • Osisko Metals is a Canadian exploration and development company
  • Osisko Metals Inc. (OM) opened trading today at $0.415

Osisko Metals (OM) has announced a C$10M bought deal private placement of flow-through shares and units.

The company will issue 14,815,000 flow-through units at a price of $0.54 per unit and up to 4,000,000 flow-through shares at a price of $0.50 per share.

Osisko has granted the underwriters the option to purchase up to 2.22 million flow-through units and 600,000 flow-through shares for additional gross proceeds of up to $1,500,000.

Proceeds will be used to incur eligible expenses related to the Pine Point Zinc Project and Gaspé Copper Project. 

The underwriters will receive a cash commission and broker warrants. 

The offering is expected to close on June 16, 2022, and is subject to the receipt of all necessary approvals. 

The securities issued will be subject to a four-month hold period.

Osisko Metals is a Canadian exploration and development company.

Osisko Metals Inc. (OM) opened trading today at $0.415.

More From The Market Online

Usha Resources begins phase 4 fieldwork at White Willow Project

Usha Resources (TSXV:USHA) has begun the fourth phase of fieldwork at its White Willow Lithium Project in Ontario following phase 3 work.

Organigram looks to raise capital as cannabis stocks surge

Organigram (TSX:OGI), one of Canada's first cannabis stocks, announces an overnight marketed public offering of units for up to C$25 million.