Osisko - Virginia Gold Royalties
gold royalty company - 5% NSR on Malartic.
Message: Files Preliminary Short Form Prospectus for gross proceeds of $350,350,000.
| February 9, 2009 |
| Osisko Mining Corporation Files Preliminary Short Form Prospectus |
| MONTREAL, QUEBEC--(Marketwire - Feb. 9, 2009) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Osisko Mining Corporation ("Osisko" or the "Corporation"). (TSX:OSK)(FRANKFURT:EWX) announces that it has filed a preliminary short form prospectus with the securities regulatory authorities in certain provinces in Canada in connection with its previously announced public offering of 77,000,000 units (the "Units") of the Corporation at a price of $4.55 per Unit for gross proceeds of $350,350,000. Each Unit will consist of one common share and one-half of one common share purchase warrant. In connection with the offering, Osisko has entered into an underwriting agreement with a syndicate of underwriters (the "Underwriters"), led by Thomas Weisel Partners Canada Inc. and BMO Capital Markets, for the purchase, on a "bought deal basis" of the Units. The Underwriters have been granted an option (the "Over-allotment Option") to purchase an additional 15% of the Units for market stabilization and over-allotment purposes. The Over-allotment Option may be exercised at any time, in whole or in part, until that date which is 30 days following the closing date. The Corporation intends to use the proceeds of the offering for the development and construction of its Canadian Malartic Project and for working capital purposes. |
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