09:44 AM EDT, 08/26/2016 (MT Newswires) -- Osisko Mining Inc. (OSK.TO) has filed an early warning report in respect of its holdings in Kilo Goldmines Ltd. Osisko subscribed by way of a non-brokered private placement offering for 5,000,000 equity units of Kilo. Under the Private Placement, the Units were offered and sold at a price of $0.10 per Unit with each Unit consisting of one common share (a "Common Share") and one common share purchase warrant.

Immediately following the closing of the Private Placement, Osisko had ownership or control, directly or indirectly, over an aggregate of 22,600,000 Common Shares, representing approximately 13.3% of the number of Common Shares then issued and outstanding, on a non-diluted basis, and approximately 22.9% of the number of Common Shares then issued and outstanding, on a partially-diluted basis

Osisko's shares last traded at $2.17 apiece.

Price: 2.17, Change: 0, Percent Change: 0