Feb 20 (Reuters) - Osisko Mining Inc OSK.TO :
* OSISKO MINING INC. ANNOUNCES TRANSACTION TO SPINOUT NON-CORE ASSETS TO CHANTRELL VENTURES CORP.
* OSISKO MINING INC - OSISKO WILL TRANSFER CERTAIN NON-CORE ASSETS OF OSISKO WITH A VALUE OF APPROXIMATELY $99.9 MILLION TO CHANTRELL
* OSISKO MINING INC - OSISKO WILL EFFECT A BUSINESS COMBINATION THAT WILL RESULT IN A REVERSE TAKEOVER OF CHANTRELL BY OSISKO
* OSISKO MINING INC - SHARES OF CHANTRELL WILL BE SUBJECT TO A CONSOLIDATION ON A 40:1 BASIS, SUBJECT TO ADJUSTMENT
* OSISKO MINING INC - CHANTRELL INTENDS TO UNDERTAKE AN EQUITY FINANCING TRANSACTION IN CONJUNCTION WITH PROPOSED TRANSACTION
* OSISKO MINING - CHANTRELL'S EQUITY FINANCING FOR DEAL WILL CONSIST OF UPTO $10 MILLION BY WAY OF PRIVATE PLACEMENT OF SECURITIES AT PRICE OF $3.88/UNIT
* OSISKO MINING - IN CONNECTION WITH PROPOSED TRANSACTION, CHANTRELL WILL BE REQUIRED TO CHANGE ITS NAME TO "O3 MINING CORPORATION" OR SUCH OTHER NAME
* OSISKO MINING - IN CONNECTION WITH PROPOSED TRANSACTION, CHANTRELL WILL BE REQUIRED TO REPLACE ALL DIRECTORS, OFFICERS ON CLOSING OF PROPOSED DEAL