Osisko Metals Announces "Best Efforts" Private Placement of up to $3 Million of Flow-Through Shares

Provided By GlobeNewswire

Last update: Jun 21, 2023

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MONTREAL, June 21, 2023 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce the terms of a proposed "best efforts" private placement offering of up to 7,500,000 common shares of the Company (each, a "FT Share") that will qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the "Tax Act") and the Taxation Act (Québec) at a price of $0.40 per FT Share (the "Offering Price") for gross proceeds to the Company of up to $3,000,000 (exclusive of the Agents' Option (as defined herein)) (the "Offering").