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Osisko Metals Announces $8 Million "Bought Deal" Financing of Flow-Through Shares
Osisko Metals Announces $8 Million "Bought Deal" Financing of Flow-Through Shares ...
About this update from Osisko Metals Incorporated
[{"type":"text","content":"\n\n\n\nOsisko Metals Announces $8 Million \"Bought Deal\" Financing of Flow-Through Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, Aug. 30, 2017\n\n\n\n/ NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES /\n\n\n\nMONTRÉAL, Aug. 30, 2017 /CNW/ - Osisko Metals Incorporated (the \"Corporation\" or \"Osisko Metals\") (TSX-V:OM; FRANKFURT: OB5) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively the \"Underwriters\"), whereby the Underwriters have agreed to purchase, on a \"bought deal\" private placement basis, 4,211,000 common shares of the Corporation that will qualify as \"flow-through shares\" (within the meaning of subsection 66 (15) of the Income Tax Act (Canada)) (\"Flow-Through Shares\") at a price of $1.90 per Flow-Through Share for aggregate gross proceeds of $8,000,900 (the \"Offering\").\n\n\n \n \n\n \nIn addition, the Underwriters will have the option, exercisable in whole or in part at any time prior to the closing of the Offering, to increase the size of the Offering by up to an additional 1,052,750 Flow-Through Shares for additional gross proceeds of $2,000,225.\n\nThe gross proceeds from the Offering will be used to fund \"Canadian exploration expenses\" (within the meaning of the Income Tax Act (Canada)).\n\nThe Offering is expected to close on or about September 20, 2017 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada. The securities will not be offered or sold in the United States. 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 Offering is subject to final acceptance of the TSX Venture Exchan...