Osisko Gold Royalties Announces $200 Million Private Placement

Osisko Gold Royalties (TSX:OR) has entered an agreement for a bought deal private placement of approximately C$200 million. The agreement is with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and RBC Capital Markets.

As quoted in the press release:

In addition, the underwriters have been granted an over-allotment option exercisable at any time up until the closing of the offering to increase the size of this offering by up to an additional 1,644,000 Special Warrants for additional gross proceeds of up to C$30,003,000.

The Corporation plans to use the net proceeds from the offering for working capital and general corporate purposes.

Click here to read the Osisko Gold Royalties (TSX:OR) press release