Osisko Mining Inc. Files Early Warning Report
July 22 2022 - 4:30PM
Osisko Mining Inc. (TSX:OSK) (the "
Corporation" or
"
Osisko") today announced that it has filed an
early warning report in respect of Vior Inc.
(“
Vior””) in connection with Vior’s private
placement (the “
Private Placement”) offering of
units. Osisko exercised its equity participation right pursuant to
an Investor Rights Agreement previously entered into by Vior and
the Corporation and subscribed for 1,923,000 units
(“
Units”) at a price of $0.13 per unit. Each Unit
is comprised of one common share in the capital of Vior (a
“
Common Share”) and one-half of one Common Share
purchase warrant (each whole warrant a “
Warrant”).
Each Warrant entitles Osisko to acquire one additional Common Share
at an exercise price of $0.21 per Common Share for a period of 30
months from the closing date.
Following the closing of the Private Placement,
Osisko will own 6,848,000 common shares and 3,424,000 warrants
representing approximately 7.80% of the issued and outstanding
Common Shares of Vior and 11.26% on a partially diluted basis,
presuming the exercise of all warrants held by Osisko.
Osisko acquired the securities of Vior for
investment purposes only and intends to review, on a continuous
basis, various factors related to its investment, and may decide to
purchase additional securities of Vior or may decide in the future
to sell all or part of its investment.
This news release is being issued in accordance
with National Instrument 62-103 – The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues in connection
with the filing of an early warning report dated July 22, 2022. The
early warning report has been filed on the System for Electronic
Document Analysis and Review (“SEDAR”) under Vior’s issuer profile
at www.sedar.com. To obtain a copy of the early warning report
filed by Osisko, please contact John Burzynski at (416) 363-8653 or
refer to SEDAR under Vior’s issuer profile at www.sedar.com.
For further information, please contact
Osisko Mining Inc.:
John BurzynskiChief Executive
OfficerOsisko Mining Inc.155 University AvenueToronto, ON M5H
3B7Telephone: (416) 363-8653 |
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