By Laura Lutz
Des Moines, June 14 - Osisko Exploration Ltee. negotiated a private placement of flow-through shares for up to C$25 million.
The company plans to sell up to 1,666,667 flow-through shares at C$15.00 each.
Two funds, several accredited investors, and insiders and employees of the company will be the investors.
The placement will be non-brokered.
Proceeds will be used for exploration and drilling.
Osisko is a mineral exploration company based in Montreal.
| Issuer: | Osisko Exploration Ltee.
|
| Issue: | Flow-through shares
|
| Amount: | C$25 million
|
| Shares: | 1,666,667
|
| Price: | C$15.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 14
|
| Stock symbol: | TSX Venture: OSK
|
| Stock price: | C$11.37 at close June 13
|
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