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Osisko Metals Subsidiary Launches CA$100 Million Private Placement of Special Warrants

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Osisko Metals (OM.TO) subsidiary Osisko Critical Minerals launched a best efforts private placement of special warrants for gross proceeds of 100 million Canadian dollars, the company said Wednesday.

The private placement was priced at CA$0.25 per special warrant.

Each special warrant will convert into one Osisko Critical Minerals unit consisting of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share for CA$0.35 per share for a 24-month period after closing.

Net proceeds will be used to fund exploration and development of properties located in New Brunswick and general working capital and corporate expenses. The private placement is scheduled to close on Nov. 17.

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Mining & Metals

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