Osisko Metals Incorporated (TSXV: OM | OTCQX: OMZNF | FRANKFURT: 0B51) has announced the acquisition of a group of 199 claims adjacent to its Gaspé Copper Project.
Pursuant to a sales agreement dated 8 October 2024, with the two private holders of the interest in the Claims, Osisko Metals acquired a 100% interest in the Claims in exchange for the issuance of 5M common shares of its capital stock and the grant of a 2% net smelter return royalty, half of which is redeemable for an amount of C$2M.
The common shares issued in connection with the acquisition are subject to various restriction periods to a statutory hold period expiring four months and one day from the date of issue pursuant to applicable Canadian securities laws. The claims cover additional ground near the Gaspé Copper project, including claims over potential tailings storage areas, and exploration targets to the north and south of the current property.
To find out more, please visit www.osiskometals.com
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