On December 11, 2024, Osisko Metals Incorporated completed a bought deal private placement of (i) 70,326,229 flow-through units of the company consisting of 64,215,117 flow-through units at price of $0.50 per flow-through unit and 6,111,112 flow-through units at an issue price of $0.54 per flow-through unit, and (ii) 277,051,466 units of the company at a price of $0.26 per unit for aggregate gross proceeds $107.4 million, including the partial exercise of the option granted to the underwriters.
The offering was led by Canaccord Genuity Corp. as sole bookrunner together with BMO Nesbitt Burns Inc. and National Bank Financial, as lead underwriters, for and on behalf of a syndicate of underwriters that included Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc.
Cassels acted for the underwriters.