Osisko Metals Announces C$15 Million Bought-Deal Flow-Through Share Financing

Osisko Metals has agreed to a bought-deal private placement of 11,812,000 flow-through shares at C$1.27 per share, raising gross proceeds of C$15,001,240, led by Canaccord Genuity and BMO Capital Markets.

Osisko Metals has entered into an agreement for a bought-deal private placement of flow-through common shares. The offering covers 11,812,000 Flow-Through Shares at C$1.27 per share, for gross proceeds of C$15,001,240. Canaccord Genuity Corp. is acting as sole bookrunner and co-lead underwriter, and BMO Capital Markets is a co-lead underwriter within the syndicate. The Flow-Through Shares are described as qualifying under subsection 66(15) of the Income Tax Act (Canada). Key details: - Number of Flow-Through Shares in the offering: 11,812,000. - Issue price per Flow-Through Share: C$1.27. - Gross proceeds from the offering: C$15,001,240. - Structure: "bought-deal" private placement led by Canaccord Genuity and including BMO Capital Markets as co-lead underwriter. - The shares are reported as qualifying as flow-through shares under subsection 66(15) of the Income Tax Act (Canada). Summary: The financing provides Osisko Metals with gross proceeds of C$15,001,240. Undetermined at this time.