Saturday, August 23, 2025

Latest

Osisko Metals To Conduct $5.0 Million Flow Through Financing

Osisko Metals (TSXV: OM) is apparently looking for further funding. The company this morning announced that it has entered into an agreement with Haywood Securities to conduct a best efforts private placement of flow through shares to the tune of $5.0 million.

Under the terms of the financing, the company will look to sell up to 10.0 million flow through common shares at a price of $0.50 per share. No warrants are to be sold under the terms of the offering. An over allotment option has been granted in connection with the financing, enabling the sale of up to an additional 2.0 million flow through common shares.

Gross proceeds from the financing are to be used for Canadian exploration expenses, with the funds to be focused on Osisko’s Pine Point Zinc Project in the Northwest Territories.

The offering is expected to close April 29, 2021.

Osisko Metals last traded at $0.445 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

G Mining Q2 Earnings: Costing Gone Wild

Aya Gold Q2 Earnings: Production Slips Amid Ramp Up

i-80 Gold Q2 Earnings: Better, But Not Great

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Emerita Resources Launches Initial 5,000 Metre Drill Program At Iberia West

Emerita Resource Corp (TSXV: EMO) has begun mobilization for its diamond drill program at its...

Monday, April 12, 2021, 07:57:18 AM

Osisko Metals To Joint Venture Pine Point Zinc Project As Part Of $100 Million Investment

Osisko Metals (TSXV: OM) is giving up majority ownership of its Pine Point Project as...

Wednesday, February 22, 2023, 08:37:25 AM

Emerita Resources: Aznalcóllar Zinc Project Offers Significant Opportunity

Emerita Resources Corp.(TSX-V:EMO), a Canadian natural resource development company, is preparing to commence development on...

Sunday, April 18, 2021, 02:05:00 PM

High Grade, Large Scale Zinc-Copper Projects Are Rare – The Daily Dive feat David Gower

Recently, The Daily Dive team sat down with David Gower, CEO of Emerita Resources (TSXV:...

Friday, April 2, 2021, 10:32:00 AM

Teck-Korea Zinc Deal Points to Looming Zinc Supply Crunch

The latest treatment charge agreement between Canadian miner Teck Resources (NYSE: TECK) and Korea Zinc...

Wednesday, April 3, 2024, 02:06:09 PM