Thursday, January 5, 2012
Osisko Faces "Mini-Tender" Offer
Osisko Mining has become the target of an unsolicited mini-tender offer.
The company, proposing an open-pit gold mine near Atikokan, says it neither recommends nor endorses the bid from TRC Capital.
TRC wants to acquire up to $5-million in Osisko shares at a discounted rate.
Mini-tender offers are designed to seek less than 5 per cent of a company's outstanding shares.