Osisko Metals Announces Closing of Bought Deal Private Placement of $17.25 Million and Concurrent Non-Brokered Private Placement of $11.495 Million
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OSISKO METALS ANNOUNCES CLOSING OF BOUGHT DEAL PRIVATE PLACEMENT OF $17.25 MILLION AND
CONCURRENT NON-BROKERED PRIVATE PLACEMENT OF $11.495 MILLION
(Montréal, Québec – July 18, 2017) Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: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 Compa ny ("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 war rant, 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.
Concurrent with the Brokered Offering, the Company closed a non -brokered private placement of 3,883,333
flow-through shares of the Company at a price of $0.90 per share and 10,000,000 units having the same
characteristics as the Units at a price of $0.80 per unit for total additional gross proceeds of $11,495,000 (the
"Non-Brokered Offering" together with the Brokered Offering, the " Offerings"). Unless the context requires
otherwise, all references in this press release to Units include units sold pursuant to the Non-Brokered Offering.
In connection with the Brokered Offering, the Company paid the underwriters a cash commission in an amount
equal to 5% of the gross proceeds of the Brokered Offering.
All securities issued pursuant to the Offerings are subject to a four month hold period which will expire
November 19, 2017. The Offerings are subject to final acceptance of the TSX Venture Exchange.
An amount equal to the net proceeds from the sale of Units pursuant to the Offerings will be used by the
Company for exploration activities and general working capital purposes. An amount equal to the gross proceeds
from the sale of flow -through shares pursuant to the Non -Brokered Offering will be used to incur eligible
exploration expenses.
About Osisko Metals
Osisko Metals is a Canadian base metal exploration and development company creating value in the zinc space
in Canada. In 2017, the Company acquired over 40,000 hectares in the Bathurst Mining Camp ("BMC"), a major
historical zinc-lead-silver producing district. The objective is to develop a multi -deposit asset base in the BMC
that would feed a central concentrator. In Québec, the Company acquired 42,000 hectares that cover 12 grass-
root zinc properties that will be selectively advanced. In parallel, Osisko Metals will be monitoring several zinc-
oriented peers for other opportunities. Osisko Gold Royalties Ltd. (OR:TSX / NYSE) is a significant shareholder of
the Company.
For further information on Osisko Metals, visit www.osiskometals.com or contact:
Jeff Hussey
President & CEO
Osisko Metals Incorporated
(514) 861-4441
Email: [email protected]
www.osiskometals.com
Paul Dumas
Executive Vice President & CFO
Osisko Metals Incorporated
(514) 861-4441
Email: [email protected]
ww.osiskometals.com
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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 provided in this
news release about, among other things, the use of proceeds of the Offerings, the exploration and/or resource development projects,
including new results from drill programs, the significance of assay results, potential mineralization, including the discove ry of new
mineralized zones, the potential to extend mineralization in any direction, the ability to complete any proposed exploration activities
and the results of such activities, the continuity or extension of any mineralization and any other information herein that i s not a
historical fact, may all 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 Company, at the time it was
made, and involves known and unknown risks, uncertainties or other factors which may cause the actual results, performance or
achievements of the Company 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 ability of exploration activities (including
drill results) to accurately predict mineralization; errors in management's geological modelling; the ability of Company to c omplete
further exploration activities, including drilling; property interests in the relevant projects; the ability of the Compan y to obtain
required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to min ing
activities; the global economic climate; metal prices; dilution; environmental risks; 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 Company cannot guarantee shareholders and prospective purchasers of securities of the
Company 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 Company nor any other person assumes respons ibility for the accuracy
and completeness of any such forward looking information. Company 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.