Cornish Metals Inc said it had received $670,400 after Barkerville Gold Mines, a wholly owned subsidiary of Osisko Development Corp, exercised 9,577,143 previously issued common share purchase warrants.
The warrants were issued following Cornish Metals’ private placement financing completed on 3 February, 2020.
As a result of the exercise, Barkerville now owns 53,833,333 common shares of the company, representing 35.97% of the issued capital Cornish Metals.