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MONTREAL, QUÉBEC--(Marketwired - July 18, 2017) - Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX VENTURE:OM)(FRANKFURT:0B5) (formerly Bowmore Exploration Ltd.) is pleased to announce that it has closed its previously announced "bought deal" private placement of 21,562,500 units of the Company ("Units"), including the full exercise of the underwriters' option, at a price of $0.80 per Unit for gross proceeds of $17,250,000 (the "Brokered Offering"). The Brokered Offering was led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters including National Bank Financial Inc., BMO Nesbitt Burns Inc., Cormark Securities Inc., and Haywood Securities Inc. Each Unit consists of one common share of the Company (a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of $1.00 at any time prior July 18, 2019. |
