OBNNF - Osisko Mining launches C$75M securities offering

• Mineral exploration company Osisko Mining ( OTCPK:OBNNF ) has announced a C$75M bought deal private placement of units .
• The company entered into an agreement with Canaccord Genuity on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase 24,195,000 units of the firm at a price of C$3.10/unit.
• Each unit will consist of one common share and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder to acquire one share for 18 months from the closing of the offering at a price of C$4.00.
• Underwriters have also been granted an option to purchase up to an additional 8,065,000 units for additional gross proceeds of up to C$25,001,500 exercisable at any time up to 48 hours prior to the closing of the offering on or about Feb. 28, 2023.
• Net proceeds from the offering will be used to advance Osisko's Windfall Project, as well as for working capital and general corporate purposes.

For further details see: