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Osisko Gold Royalties (TSX:OR) closes US$250M bought deal private placement

Mining
TSX:OR
31 March 2022 09:15 (EDT)

Source: Osisko Gold Royalties Ltd.

Osisko Gold Royalties Ltd (OR) has closed its bought deal public offering for total gross proceeds of US$250,170,000.

The company issued a total of 18,600,000 common shares at a price of US$13.45 per share.

The company has also granted the underwriters an over-allotment option to purchase up to an additional 2,790,000 shares.

The offering will be led by Eight Capital and RBC Capital Markets on behalf of the syndicate of underwriters.

Net proceeds from the offering will be used for general corporate purposes.

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$16.41 per share.

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