11:38 AM EST - Osisko Mining Corp. : has closed an agreement in principle with Societe generale de financement du Quebec or SGF for a financing in the amount of $75.0 million. The financing will be structured as a senior non-guaranteed debenture, convertible at the discretion of the SGF into Osisko shares at a price of $9.18 per share. It will carry an interest rate of 7.5%. The initial capital is to be reimbursed no later than December 15, 2014. The transaction is subject to several conditions and authorizations, including Osisko securing an additional $225 million of financing, due diligence to the satisfaction of SGF, no significant material change prior to closing, approval of the board of directors of SGF and Osisko and the regulatory authorities. Osisko Mining Corp.
shares T.OSK are trading down $0.11 at $6.51.
