TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Osisko Mining Inc. (“Osisko“) (TSX:OSK) announces that Northern Star Resources Limited (“Northern Star“) has elected to convert its $154 million of convertible senior unsecured debenture due December 1, 2025 (the “Debentures“) for 38,500,000 common shares of Osisko (the “Shares“) at a price of $4.00 per Share.
Northern Star has elected to convert the Debenture for Shares to participate in the Arrangement (as defined herein) as a shareholder of Osisko. The Arrangement was previously announced on August 12, 2024, pursuant to which, among other things, Gold Fields Holdings Company Limited, through a 100% owned Canadian subsidiary, Gold Fields Windfall Holdings Inc. (“Gold Fields“), agreed to acquire all of the issued and outstanding Shares of Osisko (the “Arrangement“).
The Shares issued to Northern Star upon the conversion of the Debentures were issued subsequent to the record date for…
