Brief: Bowmore Exploration announces bought deal private placement financing

Osisko Metals (Ontario)

23/06/2017 21:49

June 23 (Reuters) - Bowmore Exploration Ltd  BOW.V : 
    * Bowmore Exploration Ltd (to be renamed Osisko Metals 
Incorporated) announces bought deal private placement financing 
    * Bowmore Exploration - to complete private placement 
financing on a bought deal basis, of 18.8 million units at 
C$0.80 per unit (post-consolidation basis) 
    * Bowmore Exploration- conducting concurrent non-brokered 
private placement of up to 3.3 million shares of co at price of 
C$0.90 per flow through common share 
    * Bowmore Exploration - an amount equal to gross proceeds 
from sale of flow-through shares pursuant to non-brokered 
offering to be used to incur expenses 
    * Bowmore Exploration-also conducting non-brokered private 
placement up to 8.8 million units on same terms as brokered 
offering for additional proceeds of C$7 million 
 
Source text for Eikon:  ID:nCCNt8z2pa  
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