Osisko Metals Announces “Best Efforts” Private Placement of up to $3 Million of Flow-Through Shares
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MONTREAL, June 21, 2023 (GLOBE NEWSWIRE) — Osisko Metals Incorporated (the “Company” or “Osisko Metals“) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce the terms of a proposed “best efforts” private placement offering of up to 7,500,000 common shares of the Company (each, a “FT Share“) that will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act“) and the Taxation Act (Québec) at a price of $0.40 per FT Share (the “Offering Price“) for gross proceeds to the Company of up to $3,000,000 (exclusive of the Agents’ Option (as defined herein)) (the “Offering“).
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