Osisko Development Takes 12.3% Stake in Niobay with Equity Investment
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Osisko Development Corp., through its subsidiary Barkerville Gold Mines Ltd. and joint actor Electric Elements Mining Corp., has increased its stake in Niobay Metals Inc. to 12.3% following a recent equity investment. This includes 18,428,572 common shares and 8,571,429 purchase warrants, representing approximately 9.9% of Niobay’s shares on a basic basis. The acquisition was made for investment purposes, with potential future transactions depending on market conditions. An early warning report has been filed with Canadian securities regulators.
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