On September 1, 2009, Osisko Mining Corporation (TSK: OSK) announced the closing of its public offering of 21,361,250 common shares, which included the exercise in full of the over-allotment option, at a price of C$7.00 per common share for gross proceeds of more than C$149.5 million. The common shares were sold on a bought deal basis through a syndicate of underwriters led by Thomas Weisel Partners Canada Inc. and BMO Nesbitt Burns Inc., including Dundee Securities Corporation.
The net proceeds of the offering will be used for the development and construction of its Canadian malartic project and for working capital purposes.
Osisko Mining, headquartered in Montreal, QC, is focused on acquiring, exploring and developing gold properties within Northern Quebec.
Further information is found on Osisko's website.