# Osisko Gold Completes $30m Trafigura Investment

> Osisko Gold closes $30m strategic equity deal with Trafigura affiliate.
- Title: Osisko Gold Completes $30m Trafigura Investment | Shortify
- Summary: Osisko Gold closes $30m strategic equity deal with Trafigura affiliate. Osisko Gold completed a $30 million equity investment by Trafigura affiliate Urion…
- Keywords: osisko gold, trafigura, urion investments, cariboo gold project, equity investment, tsx venture exchange, cariboo gold project development, money, business, Osisko, Gold, Completes
- Source: Financialpost — https://financialpost.com/globe-newswire/osisko-gold-closes-previously-announced-us30-million-strategic-equity-investment-by-trafigura
- Read time: 1 min
- Topics: osisko gold, trafigura, urion investments, cariboo gold project, equity investment, tsx venture exchange, cariboo gold project development, money, business
## Osisko Gold Announces Investment
Osisko Gold Group Inc. closed a previously announced $30 million strategic equity investment by Trafigura affiliate Urion Investments Holdings Limited.
## Investment Terms
The Company issued 9,554,141 common shares at $3.14 per share, representing a 10% premium to the five-day volume weighted average price.
## Investment Details
The investment generated approximately $30 million in gross proceeds and remains subject to final acceptance by the TSX Venture Exchange.
## Voting Agreement
Urion entered into a voting support agreement to vote shares in accordance with board recommendations, with standstill and lock-up provisions.
## Project Use
The Company plans to use net proceeds for Cariboo Gold Project development, with shares subject to a four-month hold period.
## Post-Investment Position
After completion, Osisko Gold expects 315,809,214 shares outstanding, with Urion holding approximately 3.0% on a non-diluted basis.
## Key takeaway

Osisko Gold completed a $30 million equity investment by Trafigura affiliate Urion, issuing 9,554,141 shares at $3.14 each for the Cariboo Gold Project development.