By Sheri Kasprzak
New York, Feb. 8 - Osisko Exploration Ltd. completed an C$80.5 million private placement.
The company plans to sell 7 million shares at C$11.50 each.
The deal includes the originally planned 6.1 million units plus exercise of the greenshoe for a further 900,000.
The offering is being placed through a syndicate of underwriters led by Westwind Partners Inc. and including Canaccord Capital Corp., National Bank Financial and Pacific International Securities Inc.
Proceeds will be used for exploration on the company's Canadian Malartic project and for general corporate purposes.
Osisko, based in Montreal, is a gold exploration company.
| Issuer: | Osisko Exploration Ltd.
|
| Issue: | Stock
|
| Amount: | C$80.5 million
|
| Shares: | 7 million
|
| Price: | C$11.50
|
| Warrants: | No
|
| Underwriters: | Westwind Partners Inc. (lead), Canaccord Capital Corp., National Bank Financial, Pacific International Securities Inc.
|
| Pricing date: | Feb. 8
|
| Stock symbol: | TSX Venture: OSK
|
| Stock price: | C$12.00 at close Feb. 8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
