VANCOUVER, British Columbia–(BUSINESS WIRE)–Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM)(FRANKFURT: B2G) is pleased to announce that it has closed its previously announced offering (the “Financing”) of up to 5,000,000 flow-through common shares (“Flow-Through Shares”) of the Company at a price of $0.70 per Flow-Through Share (the “Offering Price”), for aggregate gross proceeds of up to $3,500,000 (the “Gross Proceeds”) through Leadstock Investor Relations Inc. (the “Lead Agent”).
The Company has received orders for a total of 5,385,714 Flow-Through Shares for aggregate proceeds of $3,771,100.
The offering was arranged through a private placement to purchasers who qualify as “accredited investors” for the purpose of applicable securities laws. The offering was made in certain provinces of Canada.
The Gross Proceeds of the Financing will be used for continued exploration and development of the Company’s mineral properties located in Canada. No pooling arrangements or commissions will be paid to agents in connection with the Financing.
The closing of the Financing is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD
Jeffrey Reeder
President and Chief Executive Officer
About Osisko Metals
Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps: the Pine Point Mining Camp in the NWT and the Lynn Lake Mining Camp in Manitoba. Osisko Metal’s goal is to develop its district-scale project base through exploration success and strategic acquisitions.
For Further Information:
Jeffrey Reeder
President and Chief Executive Officer
+1.613.220.2030
jreeder@osiskometals.com
www.osiskometals.com
