/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Trading Symbol: TSX: OSK
TORONTO, July 10, 2019 /CNW/ - Osisko Mining Inc.
(TSX:OSK) ("Osisko" or the "Corporation") is pleased
to announce that it has entered into an agreement with syndicate of
underwriters led by Canaccord Genuity Corp. (the
"Underwriter") in connection with a "bought deal" private
placement financing (the "Common Share Offering") of
an aggregate of 3,175,000 common shares (the "Common
Shares") of the Corporation at a price of C$3.15 for aggregate gross proceeds of
C$10,001,250.
The Common Share Offering is in addition to the C$30 million offering of flow-through shares (the
"Flow-Through Offering") announced by the Corporation
earlier today.
The gross proceeds from the issue and sale of the Common Shares
will be used by the Corporation for general working capital
purposes.
The Common Share Offering is expected to close on or about
August 8, 2019, contemporaneously
with the Flow-Through Offering. Closing is subject to certain
conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the Toronto Stock
Exchange and the applicable securities regulatory authorities. The
Common Shares to be issued under the Common Share Offering will be
subject to a hold period in Canada
expiring four months and one day from the closing date of the
Common Share Offering.
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent
registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the
acquisition, exploration, and development of precious metal
resource properties in Canada.
Osisko holds a 100% interest in the high-grade Windfall Lake gold
deposit located between Val-d'Or
and Chibougamau in Québec and
holds a 100% undivided interest in a large area of claims in the
surrounding the Urban Barry area and nearby Quévillon area (over
2,700 square kilometres).
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information"
within the meaning of the applicable Canadian securities
legislation that is based on expectations, estimates and
projections as at the date of this news release. The information in
this news release about the Offering; the use of the proceeds from
the Offering; the jurisdictions in which the Common Shares will be
offered or sold; the number of Common Shares offered or sold; the
size of the offering; the timing and ability of the Corporation to
close the offering, if at all; the timing and ability of the
Corporation to satisfy the customary listing conditions of the
Toronto Stock Exchange, if at all; the timing and ability of the
Corporation to obtain all necessary approvals; and any other
information herein that is not a historical fact may be
"forward-looking information". Any statement that involves
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions, future events or
performance (often but not always using phrases such as "expects",
or "does not expect", "is expected", "anticipates" or "does not
anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking information and are intended to identify
forward-looking information. This forward-looking information is
based on reasonable assumptions and estimates of management of
Osisko, at the time it was made, involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Osisko to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking information. Such factors include,
among others, risks relating to the Offering; volatility in the
trading price of common shares of the Corporation; risks relating
to the ability of the Corporation to obtain required approvals,
complete definitive documentation and complete the Offering; the
ability of Osisko to complete further exploration activities,
including drilling; property interests; the results of exploration
activities; risks relating to mining activities; the global
economic climate; metal prices; dilution; environmental risks;
changes in the tax and regulatory regime; and community and
non-governmental actions. Although the forward-looking information
contained in this news release is based upon what management
believes, or believed at the time, to be reasonable assumptions,
Osisko cannot assure shareholders and prospective purchasers that
actual results will be consistent with such forward-looking
information, as there may be other factors that cause results not
to be as anticipated, estimated or intended, and neither Osisko nor
any other person assumes responsibility for the accuracy and
completeness of any such forward-looking information. Osisko does
not undertake, and assumes no obligation, to update or revise any
such forward-looking statements or forward-looking information
contained herein to reflect new events or circumstances, except as
may be required by law.
SOURCE Osisko Mining Inc.