- Osisko Gold Royalties Ltd (OR) has announced a bought-deal private placement for gross proceeds of US$250,170,000
- The company will issue 18,600,000 common shares at a price of US$13.45 per share
- Net proceeds from the offering will be used for general corporate purposes
- The offering is expected to close on or about March 31, 2022
- Osisko Gold Royalties Ltd (OR) opened trading at C$17.89 per share
Osisko Gold Royalties Ltd (OR) has announced a bought-deal private placement for gross proceeds of US$250,170,000.
The company will issue 18,600,000 common shares at a price of US$13.45 per share.
The offering will be led by Eight Capital and RBC Capital Markets on behalf of the syndicate of underwriters.
The company has granted the underwriters an over-allotment option to purchase up to an additional 2,790,000 common shares, at the offering price.
Net proceeds from the offering will be used for general corporate purposes.
The offering is expected to close on or about March 31, 2022.
Osisko is engaged in acquiring and managing precious metals and other royalties in Canada and other parts of the world.
Osisko Gold Royalties Ltd (OR) opened trading at C$17.89 per share.