trending Market Intelligence /marketintelligence/en/news-insights/trending/mS0HNOKKVi-sXH_cry-aWw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Osisko cuts shareholding at Metals Creek, IDM Mining


Top electric vehicle markets dominate lithium-ion battery capacity growth


Message in a (Word)Cloud


Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining

Osisko cuts shareholding at Metals Creek, IDM Mining

Osisko MiningInc. said July 22 that it has disposed of 1,295,000 common sharesof Metals Creek ResourcesCorp. at 10 Canadian cents each for a total consideration of C$133,891.50and 6,251,500 common shares of IDM Mining Ltd. at 22 cents each for C$1.4 million.

Osisko now owns or controls 3,635,000 common shares ofMetals Creek, representing 11.6% of the company's issued and outstanding commonon a non-diluted basis, down from 4,930,000 common shares representing 15.8% ofthe company's shares.

Osisko's holdings in IDM, meanwhile, now stand at 11.8% with25,992,944 common shares, down from 14.6% with 32,244,444 common shares, on anon-diluted basis.

The company decided to decrease its interests in thecompanies following a review of the market and other conditions.