Osisko Mining Enhances Credit Agreement with CPPIB

By Midnight Trader,  May 16, 2012, 12:00:22 PM EDT

Osisko Mining Corporation (OSK.TO) announced today that it has entered into an agreement to amend its $150 million credit facility with CPPIB Credit Investments Inc., with CPPIB making available to the company an additional $100 million delayed draw term loan.

Osisko president Sean Roosen said the enhanced CPPIB facility provides the company with greater flexibility as it ramps up at the Canadian Malartic gold mine in Quebec and pursues growth initiatives.

OSK shares were up 49 cents to $6.90 on heavy trading volume of 3.1 million.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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