On July 12, 2023, Osisko Metals Incorporated closed the transaction. The company amended the terms of the transaction and issued 8,750,0000 flow through common shares at an issue price of CAD 0.4 per flow through share for gross proceeds of up to CAD 3,500,000. The company paid the agents an aggregate cash commission of CAD 245,000 and issued the agents an aggregate of 612,500 non-transferable broker warrants of the company.

Each broker warrant entitles the holder thereof to purchase one common share of the company at a price of CAD 0.25 per common share until January 12, 2025. The company announced that the Toronto Stock Exchange Venture Exchange has accepted for filing documentation with respect to the private placement. The transaction included participation from 24 placees and two total pro group involvement of 537,500 units.