IDM Mining Ltd. (fka IDMMF)

[4Godnwv]

Osisko Mining Inc. Decrease Equity Interest in IDM Mining Ltd.

TORONTO, ONTARIO, Oct 25, 2016 (Marketwired via COMTEX) -- TORONTO, ONTARIO--(Marketwired - Oct 25, 2016) - Osisko Mining Inc. (OSK) (the "Corporation") announces that, through a series of trades ending on October 25, 2016, it disposed of an aggregate of 1,281,000 common shares of IDM Mining Ltd. ("IDM Mining") through the facilities of the TSX Venture Exchange at an average price of approximately $0.197 per share for total consideration of $252,295.00 (the "Transactions").

Before giving effect to the Transactions, the Corporation had ownership or control, directly or indirectly, over an aggregate of 25,992,944 common shares of IDM Mining, representing approximately 11.8% of the issued and outstanding common shares of IDM Mining on a non-diluted basis, and approximately 14.5% of the issued and outstanding common shares of IDM Mining on a partially-diluted basis (assuming the exercise in full of the 6,972,222 common share purchase warrants of IDM Mining held by the Corporation). After giving effect to the Transactions, the Corporation had ownership or control, directly or indirectly, over an aggregate of 24,711,944 common shares of IDM Mining, representing approximately 8.9% of the issued and outstanding common shares of IDM Mining on a non-diluted basis, and approximately 11.1% of the issued and outstanding common shares of IDM Mining on a partially-diluted basis (assuming the exercise in full of the 6,972,222 common share purchase warrants of IDM Mining held by the Corporation).

{full article}
http://www.marketwatch.com/story/osisko-mining-inc-decrease-equity-interest-in-idm-mining-ltd-2016-10-25-161605059