March 27 (Reuters) - Niobay Metals Inc NBY.V :
* NIOBAY METALS ANNOUNCES PRIVATE PLACEMENT WITH OSISKO GOLD ROYALTIES
* NIOBAY METALS - PROCEEDS OF FINANCING TO BE USED TO FUND DEVELOPMENT COSTS OF CO'S NIOBIUM PROJECT
* NIOBAY METALS - OSISKO GOLD ROYALTIES HAS AGREED TO PURCHASE, BY WAY OF A PRIVATE PLACEMENT, 9.0 MILLION COMMON SHARES OF CO AT A PRICE OF $0.26 PER SHARE