Ms. Christina McCarthy – Director
The preliminary prospectus has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. The Offering is for class A restricted voting units of Osisko Green (the
Class A Restricted Voting Units ) at an offering price of $10.00 per Class A Restricted Voting Unit, the aggregate proceeds of which will be placed in escrow pending completion of a qualifying acquisition by Osisko Green and will only be released upon certain prescribed conditions. Each Class A Restricted Voting Unit is comprised of a class A restricted voting share of Osisko Green (a
PRELIMINARY Q4 2020 SALES
Osisko received approximately 18,800 attributable gold equivalent ounces1 (?GEOs?) in the fourth quarter of 2020, for a total of approximately 66,100 GEOs in 2020, exceeding the revised guidance of 63,500 ? 65,500 GEOs. These figures exclude 1,750 GEOs earned from the Renard diamond stream in the fourth quarter of 2020 from diamonds sold from inventories by the operator. The net proceeds from the Renard diamond stream were reinvested through the bridge loan with the operator of the mine.
Osisko recorded preliminary revenues2 of C$64.5 million during the fourth quarter. Preliminary cost of sales2, excluding depletion2, was C$18.2 million resulting in a cash operating margin3 of approximately C$46.3 million. These figures include preliminary revenues2 from the Renard diamond stream of C$4.3?million, costs of sales, excluding depletion2, of C$1.9 million resulting in an operating cash margin of C$2.4 million.
Brunswick Announces Closing of Private Placements for Aggregate Proceeds of $3.106 Million
MONTREAL, Dec. 21, 2020 (GLOBE NEWSWIRE)
Brunswick Exploration Inc., (“
Brunswick” or the “
Company”) is pleased to announce that it has closed its previously announced non-brokered private placements for aggregate gross proceeds of $3,106,916, consisting of the issuance of (i) 5,000,000 units of the Company (each, a
Unit ) at a price of $0.22 per Unit, for gross proceeds of $1.1 million and (ii) 9,122,344 flow-through shares of the Company (the “
FT Shares”), at a price of $0.22 per FT Share, for gross proceeds of $2,006,916 (collectively, the
Offerings ).
Each Unit consists of one common share of the Company (each, a
Brunswick Announces Closing of Private Placements for Aggregate Proceeds of $3 106 Million koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.