Explorer Osisko Mining raises C$40m

TSX-listed exploration company Osisko Mining has raised C$40-million in two financing transactions announced on Wednesday.

In the C$30-million raising, the company entered into an agreement with a syndicate of underwriters, led by Canaccord Genuity, for a “bought deal” private placement of 5.295-million common shares that will qualify as “flow-through shares” that will be issued at C$5.67 each.