Reuters logo
BRIEF-Osisko acquires gold stream on Aquila's Back Forty project in Michigan, U.S.
November 9, 2017 / 12:17 PM / a month ago

BRIEF-Osisko acquires gold stream on Aquila's Back Forty project in Michigan, U.S.

Nov 9 (Reuters) - Osisko Gold Royalties Ltd:

* Acquires gold stream on Aquila’s Back Forty project in Michigan, U.S.

* OBL to make staged upfront cash deposit of up to $55 million for gold stream, to make ongoing payments of 30 percent of spot price of gold​

* Unit Osisko Bermuda Limited (OBL) to acquire gold stream with reference to future gold produced from Back Forty property​

* OBL to also purchase units in amount of $10 million as part of a concurrent private placement with Aquila​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below