Osisko Mining

Canaccord Genuity Acts as Sole Bookrunner and Lead Underwriter to Osisko Mining on its $100 Million Bought Deal Private Placement of Units

Canaccord Genuity is pleased to announce that on February 28, 2023, its client, Osisko Mining Inc. (“Osisko Mining” or the “Company”) (TSX:OSK) announced that it had successfully closed a “bought deal” private placement consisting of 31,910,000 units (the “Units”) of the Company at a price of $3.10 per Unit for gross proceeds of $100,006,000 (the “Offering”), which included full exercise of the option granted to the underwriters to purchase up to an additional 8,065,000 Units for additional gross proceeds of $25,001,500.

Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $4.00 for a period of 18 months.

The net proceeds of the Offering will be used to advance the Company’s Windfall Project, as well as for working capital and general corporate purposes.

Osisko Mining is a mineral exploration company focused on the acquisition, exploration and development of precious metal resource properties in Canada. The Company holds a 100% interest in the world-class, high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Quebec.

The Canaccord Genuity deal team included Tom Jakubowski and Matt Reimer from Investment Banking, multiple members from Institutional Sales including Jason Melbourne, Greg Huffman and Rob Carmosino, as well as Len Sauer and Lily Yu from Equity Capital Markets.