On February 28, 2017, Osisko Mining Inc. (Osisko Mining) completed concurrent “bought deal” private placement financings of (i) 15,325,000 units of Osisko Mining (each comprised of one common share and one warrant) at a price of $3.40 per unit for aggregate gross proceeds of around $52 million (the Unit Offering), and (ii) 5,450,000 flow-through common shares of Osisko Mining at a price of $5.52 per flow-through shares for aggregate gross proceeds of approximately $30 million (the FT Offering).
The Unit Offering was underwritten by a syndicate of underwriters led by BMO Nesbitt Burns Inc. and Canaccord Genuity Corp. that included Eight Capital, Cormark Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Beacon Securities Limited, Echelon Wealth Partners Inc., Haywood Securities Inc. and Industrial Alliance Securities Inc.
The FT Offering was underwritten by a syndicate of underwriters comprised of Canaccord Genuity Corp. and included Eight Capital. Osisko Mining is a mineral exploration company.
Osisko Mining was represented by Bennett Jones LLP with a team that included Sander Grieve, Linda Misetich Dann, Andrew Disipio and Claire Lehan (securities) and Matthew Peters (tax). Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US securities counsel to Osisko Mining with a team that included Adam Givertz and Aaron Abramson.
The underwriters to the Unit Offering were represented by Stikeman Elliott LLP with a team that included Ivan Grbesic, Aniss Amdiss and Rolake Adeniran (securities).
The underwriters to the FT Offering were represented by Cassels Brock & Blackwell LLP with a team that included Alexandra Iliopoulos, Joel McElravy and Matt Gold (securities).