By Sheri Kasprzak
New York, Oct. 19 - Osisko Exploration Ltd. said it has priced a C$2,015,000 private placement.
The company plans to sell up to 3.1 million units at C$0.65 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.80 each for two years.
Pacific International Securities Inc. is the placement agent.
Proceeds will be used for drilling on the company's Malartic gold deposit and for general corporate purposes.
Montreal-based Osisko is a gold exploration company.
| Issuer: | Osisko Exploration Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2,015,000 (maximum)
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| Units: | 3.1 million (maximum)
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| Price: | C$0.65
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.80
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| Placement agent: | Pacific International Securities Inc.
|
| Pricing date: | Oct. 19
|
| Stock price: | C$0.70 at close Oct. 18
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