Capital Financing
Osisko Metals closes C$25 million flow-through share private placement at C$2.64 per share
Amount raised
C$24,979,257.60
Gross proceeds
Issue price
C$2.64 per Flow-Through Share
Securities issued
9,461,840 Flow-Through Shares
Summary
Osisko Metals Incorporated announced the closing of a non-brokered private placement of 9,461,840 flow-through common shares at C$2.64 per share. Gross proceeds to the company were C$24,979,257.60. The company states the offering was a structured flow-through share transaction arranged by PearTree Securities Inc. The company understands that Agnico Eagle Mines Limited and Hudbay Minerals Inc., two of its existing strategic investors, purchased all of the Common Shares issued under the offering as part of a follow-on transaction. The offering remains subject to final acceptance of the Toronto Stock Exchange.
Offer terms
| Term | Detail |
|---|---|
| Instrument | Common shares that will qualify as flow-through shares, issued under a non-brokered private placement |
| Price | C$2.64 per Flow-Through Share |
| Shareholder approval | Not stated; the offering remains subject to final acceptance of the Toronto Stock Exchange |
Use of proceeds
- The company will use an amount equal to the gross proceeds from the sale of the Flow-Through Shares to incur eligible “Canadian exploration expenses” that will qualify as “flow-through critical mineral mining expenditures” in respect of the company’s projects in Québec
- The Qualifying Expenditures will be incurred on or before December 31, 2027
- The Qualifying Expenditures will be renounced to the initial purchasers of the Flow-Through Shares with an effective date no later than December 31, 2026
Timetable
| December 31, 2026 | Latest effective date for renunciation of the Qualifying Expenditures to the initial purchasers |
|---|---|
| December 31, 2027 | Qualifying Expenditures to be incurred on or before this date |
Source: Osisko Metals announcement dated 4 November 2026. This page summarises information from the company's public announcement and is provided for general information only. It is not financial product advice, a recommendation or an offer, and it does not take into account any person's objectives, financial situation or needs. Figures and terms are taken from the announcement and may be incomplete or may have changed since publication. Refer to the original announcement for full details. Kamoa Capital has not independently verified the information.
