OSISKO MINING INC.
Investment in Osisko Mining Inc.
In August 2013, Southern Arc invested $8,850,366 to acquire a 26% interest in Eagle Hill Exploration Corporation, which was advancing the high-grade Windfall Lake gold project in Quebec, Canada.
In August 2015, Eagle Hill was acquired by Oban Mining Corp. (re-named Osisko Mining Inc.) for a 258% premium over market price, resulting in Southern Arc holding both shares and warrants in Osisko Mining.
As at October 27, 2017, all of the Companyís Osisko Mining warrants were exercised and all of Southern Arcís remaining investment in Osisko Mining was sold. Overall, Southern Arcís investment in Osisko Mining resulted in a net profit on the investment of $4,808,987.
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