By Devika Patel
Knoxville, Tenn., Sep. 19 - Osisko Mining Corp. said it plans to conduct a C$12.25 million non-brokered private placement of stock.
The company will sell 2,916,725 flow-through common shares at C$4.20 apiece.
Settlement is expected Sept. 30.
Proceeds will be used for exploration.
Osisko, based in Montreal, is a gold exploration and production company.
| Issuer: | Osisko Mining Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$12,250,245
|
| Shares: | 2,916,725
|
| Price: | C$4.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 30
|
| Stock symbol: | Toronto: OSK
|
| Stock price: | C$2.95 at close Sept. 18
|
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