Osisko Mining Announces $154 Million Convertible Debenture Placement With Northern Star Resources Limited

TORONTO, Nov. 30, 2021 (GLOBE NEWSWIRE) — Osisko Mining Inc. (TSX:OSK) (“Osisko“) announces that it has signed an agreement for a private placement of $154 million in a convertible senior unsecured debenture due December 1, 2025 (the “Debentures“) with Northern Star Resources Limited (“Northern Star“). The Debenture bears interest at a rate of 4.75% per annum payable semi-annually in arrears, which may be accrued at the option of Northern Star. In addition, Osisko and Northern Star have agreed to negotiate, on an exclusive basis, the terms of an earn-in and joint-venture on up to a 50% interest in Osisko’s Windfall Project. Read More