Corporation Minière Osisko
TSX : OSK
FRANKFURT : EWX

November 14, 2007 08:43 ET

Osisko Annouces Exercise of Underwriters' Option for C$50,050,000

MONTREAL, QUEBEC--(Marketwire - Nov. 14, 2007) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Osisko Exploration Ltd. (TSX VENTURE:OSK) is pleased to announce that, further to the "bought deal" private placement announced on October 29, 2007, the syndicate of underwriters led by Westwind Partners Inc. (the "Underwriters"), and including National Bank Financial Inc., RBC Capital Markets, BMO Capital Markets, Paradigm Capital Inc. and Pacific International Securities Inc., exercised their option to purchase an additional 7,700,000 special warrants at the issue price for additional gross proceeds of C$50,050,000.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Osisko Exploration Ltd.
    John Burzynski
    Vice-President Corporate Development
    514-735-7131
    www.osisko.com
    or
    Investor Relations
    Daniel Boase
    416-742-5600
    Toll Free: 1-866-580-8891