Osisko Green Acquisition Limited announces the exercise of
NOT FOR DISTRIBUTION TO US NEWSWIRE OR UNITED STATES DISTRIBUTION
TORONTO, 08 Oct 2021 (GLOBE NEWSWIRE) – Osisko Green Acquisition Limited (the “company“) (TSX: GOGR.UN) is pleased to announce that the syndicate of underwriters led by Eight Capital and which included BMO Nesbitt Burns Inc., Canaccord Genuity Corp., National Bank Financial Inc. and RBC Dominion Securities Inc. . (collectively, the “Subscribers“) have partially exercised their over-allotment option (the”Over-allotment option“) to acquire 817,000 additional Class A Restricted Voting Units of the Company (the”Class A Restricted Voting Units“) at a price of $ 10.00 per Class A Restricted Voting Unit (the”Offer price“) for additional gross proceeds of $ 8,170,000. Each Class A Restricted Voting Unit consists of one Class A Restricted Voting Share of the Company (a”Class A Restricted Voting Share“) and a half share purchase warrant of the Company (each entire warrant, a”To guarantee“).
The Over-Allotment Option was granted to the Underwriters in connection with the Company’s previously announced initial public offering for 25,000,000 Class A Restricted Voting Units at the offering price per Right Unit. restricted voting category A (the “”Offer“) for total gross proceeds of $ 250,000,000, closed on September 8, 2021.
The partial exercise of the Over-Allotment Option brings the total number of Class A Restricted Voting Units issued in connection with the Offering to 25,817,000 and the total gross proceeds to $ 258,170,000. The total gross proceeds of the placement (including the gross proceeds of the partial exercise of the over-allotment option) have been placed in the escrow account established with the escrow agent pending the completion of a qualifying acquisition by the Company. and will only be released on certain prescribed conditions.
In addition, Osisko Green Sponsor Corp. (the “Sponsor“), certain of the officers and directors of the Company and certain other investors received a total of 163,400 share purchase warrants (the”Funding mandates“) at an offering price of $ 1.00 per warrant for total proceeds equal to $ 163,400.
The Class A Restricted Voting Units issued in connection with the Offering (including under the Over-Allotment Option) were offered by final prospectus dated September 8, 2021 in each of the provinces and territories of the Canada (the “Final prospectusCopies of the Final Prospectus and the documents incorporated by reference therein are available electronically under the Company’s issuer profile on SEDAR at www.sedar.com.
For further information regarding the Class A Restricted Voting Shares, Warrants and Funding Warrants, please refer to the Company’s press release dated September 8, 2021 and the Final Prospectus.
This press release does not constitute an offer to sell any securities in the United States, and the securities may not be offered or sold in the United States without registration or exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933. A copy of the final prospectus is available on SEDAR at www.sedar.com.
About Osisko Green Acquisition Limitée
Osisko Green Acquisition Limited is a newly incorporated special purpose acquisition company incorporated under the laws of the Province of British Columbia for the purpose of making, directly or indirectly, a qualifying acquisition within a specified time frame.
This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the current expectations of the Promoter and the Company regarding future events, including its expectations relating to the qualifying acquisition of the Company. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the control of the Limited Partner or the Partnership, which could cause actual results and events differ materially from those disclosed in or implied by such forward-looking information. These risks and uncertainties include, without limitation, the intentions relating to the qualifying acquisition of the Company and related transactions and the factors described under “Risk Factors” in the final prospectus. Neither the Limited Partner nor the Company undertakes to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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Osisko Green Acquisition Limited