The Caisse de dépôt et placement du Quebec is entering into an agreement with Osisko Mining Inc. to acquire 9,259,260 common shares at $2.70 per share.
“We are very pleased to welcome la Caisse de dépôt et placement du Quebec as a significant shareholder in Osisko Mining,” said John Burzynski, president and chief executive officer of Osisko, in a press release. “This investment by la Caisse provides meaningful support for the continued development of our Windfall gold project in Quebec.”
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The acquisition will be under private placement, with the share offering to close on or near Nov. 2, 2018.
“La Caisse is pleased to reinvest in Osisko Mining alongside a management team that has significant experience, including launching one of the largest mining projects in Quebec,” said Mathieu Gauvin, senior vice-president for Quebec, at the Caisse.