IDM raises C$15.25M, Osisko major investor

IDM Mining Ltd. March 7 announced it has closed a C$15.25 million private placement with Osisko Gold Royalties Ltd. This financing involved the issuance of 29.4 million common shares at C17 cents per share and 41 million flow-through shares at C25 cents per share.

As a result of the financing, Osisko now owns about 19.9 percent of the IDM shares on a non-diluted basis.

The roughly C$5 million rais...