Osisko Metals Inc. is pleased to announce that it expects to complete a non-brokered private placement with certain strategic investors for an aggregate of approximately 67,666,666 common shares of the Company at an offering price of $0.48 per Common Share for aggregate gross proceeds to the Company of approximately $32,480,000 . The Private Placement is expected to include subscriptions from certain strategic investors, including:
Hudbay Minerals Inc.: 29,166,666 Common Shares for gross proceeds of $14,000,000;
Agnico Eagle Mines Ltd.: has indicated that it intends to subscribe for 26,000,000 Common Shares for gross proceeds of $12,480,000 pursuant to an existing participation right; Franco-Nevada Corporation: 4,166,667 Common Shares for gross proceed...