Osisko Mining Corporation
TSX : OSK
FRANKFURT : EWX

Osisko Mining Corporation

December 21, 2007 17:31 ET

Osisko Announces Receipt for Final Prospectus

MONTREAL, QUEBEC--(Marketwire - Dec. 21, 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 Ltee ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce today that it has obtained a final receipt from the securities regulators in each of the Provinces of Quebec, British Columbia, Alberta, Saskatchewan, Manitoba and Ontario for its final prospectus dated December 21, 2007 which qualifies the distribution of: (i) 19,250,000 common shares (the "Common Shares") , (ii) 9,265,000 common share purchase warrants (the "Warrants") issuable upon the automatic exercise of the 19,250,000 previously issued special warrants ("Special Warrants") by way of brokered private placement on November 15, 2007 and; (iii) 9,265,000 Common Shares issuable upon the exercise of the Warrants. The Special Warrants will be automatically exercised on December 28, 2007 in accordance with their terms and both the Common Shares and Warrants will be freely tradable upon issuance. The Warrants will start trading on the Toronto stock Exchange on December 28, 2007.

Osisko also announces that BBA Inc. is currently conducting, on behalf of Osisko, a preliminary assessment ("scoping study") of its Canadian Malartic Project. A technical report in support of such study, which constitutes a preliminary assessment as defined in NI 43-101, will be prepared and publicly filed during the first quarter of 2008, pursuant to an undertaking given to the regulatory authorities.

Contact Information

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