States / Osisko Metals Announces Closing of $10 Million "Bought Deal" Financing of Flow-Through Shares
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/ NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES /
OSISKO METALS ANNOUNCES CLOSING OF $10 MILLION
"BOUGHT DEAL" FINANCING OF FLOW-THROUGH SHARES
(Montréal, Québec – September 12, 2018) Osisko Metals Incorporated (the " Corporation" or " Osisko
Metals") (TSX-V:OM; FRANKFURT: OB5) is pleased to announce that it has closed its previously announced
"bought deal" private placement of 10,870,000 com mon shares of the Corporation that will qualify as
"flow-through shares" (within the meaning of subsection 66 (15) of the Income Tax Act (Canada) and
section 359.1 of the Taxation Act (Québec)) ("Flow-Through Shares") at a price of $0.92 per Flow-Through
Share for aggregate gross proceeds of $10,000,400 (the "Offering").
The Offering was led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters that included
Industrial Alliance Securities Inc., Desjardins Securities Inc. and Macquarie Capital Markets Canada Ltd.
(collectively, the "Underwriters"). In connection with the Offering, the Corporation paid the Underwriters
a cash commission equal to 5.0% of the gross proceeds of the Offering.
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
Québec. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow -Through
Shares effective December 31, 2018.
All securities issued under the Offering are subject to a four month hold period which will expire January
13, 2019. 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 exe mption 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 Corporation controls Canada's two premier zinc mining camps in
Canada, namely the Pine Po int Camp located in the Northwest Territories (22,000 h a) and the Bathurst
Mining Camp, located in northern New Brunswick (63,000 ha). The Corporation 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 geophysic s. In Québec, the Corporation 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.
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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
Osisko Metals Incorporated
(514) 861-4441
Email: [email protected]
ww.osiskometals.com
Cautionary Statement on Forward-Looking Information
This news release contains "forward- looking information" within the meaning of applicable Canadian securities legislation based
on expectations, estimates and projections as at the d ate of this news release. Forward- looking information involves risks,
uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward- looking information. Forward-looking information in this news release includes,
but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval
of the Offering from the TSX Venture Exc hange; the tax treatment of the Flow-Through Shares; the timing of the tax renunciation
to the subscribers, objectives, goals or future plans; statements regarding exploration results and exploration plans. Factor s that
could cause actual results to differ materially from such forward- looking information include, but are not limited to, capital and
operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaini ng or
failures to obtain required go vernmental, environmental or other project approvals; uncertainties relating to the availability and
costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in th e
development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in
the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions
and factors used in preparing t he forward-looking information in this news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the 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 news release. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information contained herein.