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Osisko Mining raises C$14M via private placement

Osisko Mining Inc. said Dec. 13 that it has closed the previously planned upsized financing, raising about C$14 million, up from its target of C$13.6 million.

The offering comprised the issue of 4,431,136 flow-through common shares priced at C$3.15 apiece.

As reported earlier, Osisko Mining will use the proceeds for exploration expenses on its Quebec projects.