A familiar name is back in the mining business. Oban Mining Corporation has announced that it has changed its name to "Osisko Mining Inc.". Oban Mining has adopted the name "Osisko Mining Inc.", and will formalize its re-branding initiatives in the near future, to reflect the evolution of the Corporation since the beginning of 2015 as a result of its consolidation activities in Ontario and Québec. The original Osisko Mining Corporation earned international recognition with the successes of its exploration and development team - a team that included several current members of the Corporation's board and senior management - crowned by the discovery, development and operation of the Canadian Malartic mine in the Abitibi region of north-western Québec, until the joint acquisition of Osisko Mining Corporation in June 2014 by Agnico Eagle Mines Limited and Yamana Gold Inc. The Corporation wishes to reintroduce the Osisko Mining name to the mining and investment communities to better reflect the Corporation's current management, board and technical teams that were responsible for much of the success of the original Osisko Mining Corporation, and the highly prospective mineral project portfolio in Québec and Ontario that management believes will allow the Corporation to continue the fulfilment both of the Corporation's potential and its commitments to all of its stakeholders. At the annual and special meeting of shareholders of the Corporation held on June 7, 2016, shareholders of the Corporation representing approximately 98.99% of the votes cast on the matter overwhelmingly approved the special resolution to change the name of the Corporation from "Oban Mining Corporation" to "Osisko Mining Inc.".
Subject to Toronto Stock Exchange ("TSX") approval, it is expected that the common shares of the Corporation will commence trading on the TSX under the Corporation's new name and new stock symbol "OSK" at the opening of business on or about June 21, 2016. It is also expected that, subject to TSX approval, the common share purchase warrants of the Corporation which trade on the TSX under the symbol "OBM.WT" will commence trading on the TSX under the new symbol "OSK.WT" at the opening of business on or about June 21, 2016.
Comments