Osisko - Virginia Gold Royalties
gold royalty company - 5% NSR on Malartic.
Message: Files Final Short Form Prospectus
| February 19, 2009 |
| Osisko Mining Corporation Files Final Short Form Prospectus |
| MONTREAL, QUEBEC--(Marketwire - Feb. 19, 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 final 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. Each whole warrant entitles the holder thereof to purchase one additional common share upon payment of the exercise price of $5.45 until November 17, 2009. The Toronto Stock Exchange has conditionally approved the listing of the Warrants. The Corporation will issue and sell the Units in accordance with the conditions contained in an underwriting agreement entered into with a syndicate of underwriters (the "Underwriters"), led by Thomas Weisel Partners Canada Inc. and BMO Capital Markets. 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 which has been set for February 25, 2009. 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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