Osisko Metals Announces $32.5mln Private Placement to Strategic Investors

Osisko Metals Incorporated plans a private placement of $32.5 million to strategic investors, including Hudbay Minerals Inc., Agnico Eagle Mines Limited, Franco-Nevada Corporation, and a strategic institutional investor. The placement will consist of 67.67 million common shares at $0.48 per share. After the placement, Hudbay will hold approximately 4.3% of outstanding shares, while Agnico will hold around 12.5%. The placement is subject to certain participation rights, including a participation right held by Glencore Canada Corporation.