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Osisko Mining raises C$32.3M to advance Windfall Lake development in Quebec

Osisko Mining Inc. completed a previously announced bought-deal private placement, raising total gross proceeds of about C$32.3 million by issuing 11,750,000 common shares at C$2.75 apiece, it said Sept. 27.

The offering includes the issuance of 1,750,000 shares pursuant to the exercise of the overallotment option in full by the underwriters.

As reported earlier, proceeds will be used to advance exploration and development at the company's Windfall Lake gold project in Quebec and for general corporate purposes.

The financing was underwritten by a syndicate of underwriters led by BMO Capital Markets.