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To: Goose94 who wrote (21933)9/7/2016 10:09:51 AM
From: Goose94Read Replies (1) | Respond to of 203798
 
OSK-T new 52 week high, $2.80



To: Goose94 who wrote (21933)9/9/2016 8:35:50 AM
From: Goose94Read Replies (2) | Respond to of 203798
 
Osisko Mining (OSK-T) Sept 9, '16 has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of private placement, 10,000,000 common shares of the Corporation, at a price of C$2.75 per Common Share for gross proceeds of C$27.5 million. In addition, the Corporation has also granted the underwriters an option, exercisable up to 48 hours prior to the closing of the offering, to purchase up to an additional 15% of the number of Common Shares purchased pursuant to the offering.

The Corporation intends to use the net proceeds of the offering to continue exploration and development of the Windfall Lake gold project and for general corporate purposes.

The offering is expected to close on or about September 27, 2016 and is subject to Osisko receiving all necessary regulatory approvals, including the approval of the Toronto Stock 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 exemption 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 Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québec's prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Ontario. Osisko continues to be well financed and has approximately $50 million in cash and cash equivalents as well as marketable securities of approximately $60 million.

Osisko Mining Inc.
John Burzynski
President and Chief Executive Officer
(416) 363-8653

osiskomining.com