Osisko Metals Announces $6.5 Million "Bought Deal" Financing of Flow- Through Shares
Osisko Metals Announces $6.5 Million "Bought Deal" Financing of Flow-
Through Shares
/ NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES /
MONTREAL, Oct. 15, 2018 -- Osisko Metals Incorporated (the " Corporation" or "Osisko Metals") (TSX-V:OM; FRANKFURT:
0B51) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of
underwriters that includes Macquarie Capital Markets Canada Ltd (collectively, the " Underwriters"), in connection with a
"bought deal" private placement of 8,667,100 common shares of the Corporation that will qualify as "flow-through
shares" (within the meaning of subsection 66 (15) of the Income Tax Act (Canada)) (" Flow-Through Shares ") at a price of
$0.75 per Flow-Through Share (the "Issue Price") for aggregate gross proceeds of $6,500,325 (the "Offering").
In addition, the Underwriters have been granted an option to sell up to an additional 1,733,420 Flow-Through Shares at the
Issue Price for additional gross proceeds of up to $1,300,065.
The gross proceeds from the Offering will be used by the Corporation to incur eligible "Canadian exploration expenses" that will
qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the " Qualifying
Expenditures") related to the Corporation's projects in Canada. All Qualifying Expenditures will be renounced in favour of the
subscribers of the Flow-Through Shares effective December 31, 2018.
The Offering is expected to close on or about November 6, 2018 and is subject to certain closing conditions including, but not
limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the
applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada. The securities
issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of
the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from the registration requirements. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State
in which such offer, solicitation or sale would be unlawful.
ABOUT OSISKO METALS
Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on
zinc mineral assets. The Company controls Canada's two premier zinc mining camps in Canada, namely the Pine Point Camp
("PPMC") located in the Northwest Territories (22,000 ha) and the Bathurst Mining Camp ("BMC"), located in northern New
Brunswick (63,000 ha). The Company is currently drilling in both mining camps for a combined 100,000 metre program. The
focus of these programs is to upgrade historical resources to comply with NI43-101 regulations and also on exploration around
historical deposits. Brownfield exploration includes new innovative 3D compilation techniques, updated geological
interpretation, and modern geophysics. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets
that will be selectively advanced through exploration. In parallel, Osisko Metals is monitoring several base metal-oriented peers
for opportunities.
For further information on Osisko Metals, visit www.osiskometals.com or contact:
Paul Dumas
Executive VP, Finance
Osisko Metals Incorporated
(514) 861-4441
Email: [email protected]
www.osiskometals.com
Christina Lalli
Director, Investor Relations
Osisko Metals Incorporated
(514) 861-4441
Email: [email protected]
www.osiskometals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward‐looking information" within the meaning of the applicable Canadian securities legislation
that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information
in this news release about the Offering; the use of the proceeds from the Offering; the jurisdictions in which the Flow-Through
Shares are offered or sold; the number of Flow-Through Shares offered or sold; the gross proceeds from the Offering; the
timing and ability of the Corporation to close the Offering, if at all; the timing and ability of the Corporation to satisfy the listing
conditions of the TSX Venture Exchange, if at all; the tax treatment of the Flow-Through Shares; the timing of the renounce of
the Qualifying Expenditures in favor of the subscribers, if at all, and any other information herein that is not a historical fact
may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations,
interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using
phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not
anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and
phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be
achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-
looking information. This forward-looking information is based on reasonable assumptions and estimates of management of
the Corporation, at the time such assumptions and estimates were made, and involves known and unknown risks,
uncertainties or other factors which may cause the actual results, performance or achievements of the Corporation to be
materially different from any future results, performance or achievements expressed or implied by such forward-looking
information. Such factors include, among others, risks relating to the Offering; volatility in the trading price of common shares
of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive
documentation and complete the Offering on the terms announced; ability of Osisko Metals to complete further exploration
activities; property interests; the results of exploration activities; risks relating to mining activities; the global economic
climate; metal prices; dilution; environmental risks changes in the tax and regulatory regime; and community and non-
governmental actions. Although the forward-looking information contained in this news release is based upon what
management believes, or believed at the time, to be reasonable assumptions, the Corporation cannot guarantee shareholders
and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking
information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither
Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward looking
information. Corporation does not undertake, and assumes no obligation, to update or revise any such forward looking
statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required
by law.