Famatina

Osisko Metals Announces Corporate Changes and Execution of Royalty Sale on Pine Point

Retrieved on: 
Tuesday, January 28, 2020
Physical sciences, Chemistry, Natural sciences, Osisko Mining, Net smelter return, Royalty payment, Lluís Companys, Zinc, Metal, Famatina

The Company also announces that it has completed the sale of a 1.5% net smelter return royalty (the NSR) on the Companys 100%-owned Pine Point Project to Osisko Gold Royalties Ltd (Osisko Gold Royalties), as previously announced in the Companys December 3, 2019 news release disclosing the signing of a binding term sheet between Osisko Metals and Osisko Gold Royalties (the Agreement).

Key Points: 
  • The Company also announces that it has completed the sale of a 1.5% net smelter return royalty (the NSR) on the Companys 100%-owned Pine Point Project to Osisko Gold Royalties Ltd (Osisko Gold Royalties), as previously announced in the Companys December 3, 2019 news release disclosing the signing of a binding term sheet between Osisko Metals and Osisko Gold Royalties (the Agreement).
  • The Companys obligations in relation to the NSR are secured by a continuing senior secured interest on the Pine Point Project.
  • Osisko Metals Incorporated is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets.
  • Mr. Robin Adair, P.Geo and Vice President Exploration of Osisko Metals, is the Qualified Person who has approved of the scientific and technical information contained in this news release.

Osisko Metals Announces Closing of $7M Non-Brokered Private Placement

Retrieved on: 
Thursday, December 12, 2019
Osisko Mining, Royalty payment, Warrant, Famatina, Companies, Economy

Each Warrant entitles its holder to acquire an additional Common Share at $0.52 per Common Share for 36 months following the closing of the Offering.

Key Points: 
  • Each Warrant entitles its holder to acquire an additional Common Share at $0.52 per Common Share for 36 months following the closing of the Offering.
  • The Offering consisted of the sale of 14,000,000 Units to Osisko Gold Royalties Ltd (Osisko Gold Royalties), whose ownership following the closing of the Offering is now approximately 19.9% of the issued and outstanding Common Shares of the Corporation on a partially diluted basis.
  • A copy of the early warning report to be filed by Osisko Gold Royalties in connection with the Offering will be available on SEDAR under Osisko Metals profile.
  • Osisko Metals Incorporated is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets.