FLOW-THROUGH FINANCING
Base metals-focused explorer and project developer Osisko Metals has reached an agreement with Canaccord Genuity, on behalf of a syndicate of underwriters, to raise C$8-million on a ‘bought deal’ private placement of 4.21-millon common shares.
The shares will qualify as ‘flow-through’ shares under the Canadian Income Tax Act, and are priced at C$1.90 for each flow-through share.
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