On November 9, 2009, Osisko Mining Corporation concluded the previously announced $75 million financing agreement with Societe générale de financement du Québec ("SGF"). The financing is a senior unsecured debenture, convertible at the discretion of the SGF into Osisko common shares at a price of $9.18 per share. It carries an interest rate of 7.5%. The debenture is to be reimbursed no later than November 9, 2014. The proceeds will be used to fund the construction and the development of the Canadian Malartic Project, the largest open pit gold mining operation in Canada. Fasken Martineau advised SGF in this transaction with a team that included, among others, Gilles Leclerc, Catherine Isabelle, Jean-Michel Lapierre and Martin Gagné (mining), Charles Kazaz (environmental), Natasa Karambatsos and Rebecca McLeod (corporate), and Angela Onesi (banking).