Osisko Critical Minerals Corporation Upsizes Previously Announced Private Placement of Special Warrants to C$250 Million
Osisko Critical Minerals Corporation, a newly incorporated wholly-owned subsidiary of Osisko Metals (TSX: OM), upsized its private placement of special warrants from $100 million to $250 million in gross proceeds. Incoming CEO John Burzynski attributed the 2.5x upsize to overwhelming investor demand, citing confidence in the exploration portfolio and roughly 645 square kilometres of claims in northern New Brunswick anchored by the NB Copper Project. Canaccord Genuity is acting as lead agent and sole bookrunner.
Key figures
- Currency
- CAD
- Prior Gross Proceeds
- $100 million
- Properties Area Sq Km
- 645
- Gross Proceeds Upsize To
- $250 million
AI analysis
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