Thursday, January 5, 2012

Osisko Mining

Osisko Mining has become the target of an unsolicited mini-tender offer.

The company proposing an open-pit gold mine near Atikokan says its neither recommending nor endorsing the bid from TRC Capital.

TRC wants to acquire up to 5-million dollars in Osisko shares at a discounted share rate.

Mini-tender offers are designed to seek less than 5 per cent of a company's outstanding shares.