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Osisko Gold Closes Previously Announced US$30 million Strategic Equity Investment by Trafigura
GlobeNewswire Inc.·
Osisko Gold Group Inc. announced the closing of a US$30 million equity investment from Urion Investments Holdings Limited (affiliated with Trafigura), issuing 9.55 million common shares at US$3.14 per share. Urion will hold approximately 3.0% of the company and has entered into a voting support agreement. The company plans to use proceeds for development of its Cariboo Gold Project in British Columbia, with negotiations ongoing for an additional US$120 million prepayment facility.
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