Osisko Gold has sold 50,023,569 common shares of Osisko Mining pursuant to a bought block trade with National Bank Financial and BMO Capital Markets for aggregate gross proceeds of approximately C$132M. Following the transaction, the corporation no longer holds any common shares of Osisko Mining. The corporation continues to hold its 2.0 to 3.0% NSR royalty on the Windfall Gold Project and the surrounding property, held by a 50/50 joint-venture partnership between Osisko Mining and Gold Fields.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on OR:
- Osisko Gold Royalties Announces Sale of Common Shares of Osisko Mining for Gross Proceeds of C$132 Million
- Osisko Announces TSX Approval to Renew Normal Course Issuer Bid
- With Gold at All-Time High, These Are the Best Gold Stocks for 2024
- Osisko Board Update
- Osisko Gold price target lowered to C$24.50 from C$25 at Canaccord
