12 September 2018
Osisko Metals Incorporated is pleased to announce that it has closed its previously announced "bought deal" private placement of 10,870,000 common shares of the corporation that will qualify as "flow-through shares" (within the meaning of subsection 66 (15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) at a price of $0.92 per Flow-Through Share for aggregate gross proceeds of $10,000,400. The Offering was led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters that included Industrial Alliance Securities Inc., Desjardins Securities Inc. and Macquarie Capital Markets Canada Ltd. (collectively, the "Underwriters"). In connection with the Offering, the Corporation paid the Underwriters a cash commission equal to 5.0% of the gross proceeds of the Offering. The gross proceeds from the Offering will be used by the Corporation to incur eligible "Canadian exploration expenses" that will qualify as "flow?through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Corporation's projects in Québec. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow?Through Shares effective December 31, 2018.