 Each Unit is comprised of one 1 common share and one half 12 of a share purchase warrant each full warrant, a Warrant, each Warrant entitling the holder to purchase one 1 common share for a period of eighteen 18 months from the closing date at a price of 5.25 per Warrant share. Immediately prior to the closing of the Transaction, Osisko held, directly or indirectly, 45,969,569 common shares of Osisko Mining representing approximately 15.7 of Osisko Minings issued and outstanding common shares prior to the closing. 