Deal has C$4.13 million greenshoe; BMO Capital is the lead underwriter
By Devika Patel
Knoxville, Tenn., Sept. 9 – Osisko Mining Corp. said it arranged a C$27.5 million private placement of stock with a C$4.13 million greenshoe.
The company will sell 10 million common shares at C$2.75 per share on a bought-deal basis. The price per share is a 7.72% discount to the Sept. 8 closing share price of C$2.98.
The deal will be conducted by a syndicate of underwriters led by BMO Capital Markets Corp.
Settlement is expected Sept. 27.
Proceeds will be used for exploration and development of the Windfall Lake gold project and general corporate purposes.
Osisko, based in Montreal, is a gold exploration and production company.
| Issuer: | Osisko Mining Corp.
|
| Issue: | Common shares
|
| Amount: | C$27.5 million
|
| Greenshoe: | C$4,125,000, or 1.5 million shares
|
| Shares: | 10 million
|
| Price: | C$2.75
|
| Warrants: | No
|
| Underwriter: | BMO Capital Markets Corp. (lead)
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 27
|
| Stock symbol: | Toronto: OSK
|
| Stock price: | C$2.98 at close Sept. 8
|
| Market capitalization: | C$420.54 million
|
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