Osisko Metals arranges $15-million financing

Executive Summary

• Osisko Metals Inc. has entered into an agreement for a C$15 million "bought deal" private placement financing of flow-through shares.
• The company will issue 11,812,000 common shares at a price of $1.27 per share to raise gross proceeds of $15,001,240.
• Proceeds are designated for eligible Canadian exploration expenses related to the company's projects, with expenditures to be renounced to subscribers by December 31, 2026.

Key Details

• Transaction Structure: Bought deal private placement of flow-through shares under National Instrument 45-106.
• Underwriters: Canaccord Genuity Corp. (sole bookrunner and co-lead underwriter) and BMO Capital Markets (co-lead underwriter).
• Share Quantity: 11,812,000 common shares.
• Price: $1.27 per flow-through share.
• Gross Proceeds: $15,001,240.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures for projects on or before December 31, 2027.
• Renunciation Terms: All qualifying expenditures will be renounced in favor of subscribers with an effective date on or before December 31, 2026.
• Closing Date: Expected on or about February 3, 2026, subject to conditions including conditional approval of the Toronto Stock Exchange.
• Hold Period: Four months and one day from the closing date.
• Underwriter Compensation: Cash commission of 5% of gross proceeds.

Notable Quotes

• No direct quotes from management were included in the provided text.