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Cassels Represents the Underwriters in Osisko Metals’ $12.7 Million Bought Deal Private Placement


On June 16, 2022, Osisko Metals Incorporated completed a bought deal brokered private placement offering of an aggregate of (i) 4,600,000 common shares that qualify as flow-through shares at an issue price of $0.50 per share, and (ii) 19,166,667 units at an issue price of $0.54 per unit, for aggregate gross proceeds of approximately $12.7 million, including the partial exercise of the over-allotment option granted to the underwriters.

Each unit is comprised of one common share of Osisko Metals and one-half of one common share purchase warrant, each of which will qualify as a flow-through share. Each warrant entitles the holder thereof to acquire one common share of Osisko Metals at a price of $0.57 per warrant share for a period of 60 months following the closing date.

The offering was led by Eight Capital, on behalf of a syndicate of underwriters, which included Haywood Securities Inc.

Cassels acted for the underwriters.

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