By Sheri Kasprzak
New York, Dec. 16 - Osisko Exploration Ltd. said it has completed a private placement for C$2,263,625.
The company issued 3,482,500 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. was 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.
|
| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2,263,625
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| Units: | 3,482,500
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| Price: | C$0.65
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| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
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| Warrant strike price: | C$0.80
|
| Placement agent: | Pacific International Securities Inc.
|
| Settlement date: | Dec. 16
|
| Stock price: | C$1.18 at close Dec. 16
|
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