Osisko Gold Royalties Increases Stake in Two Juniors

Mining Weekly reported that Canadian exploration company Osisko Gold Royalties, has increased its stake in fellow gold exploration company NioGold Mining and base metals exploration company Falco Resources.

According to the news:

The TSX-listed firm closed a C$4.9-million private-placement for 14-million flow-through shares of NioGold at a price of C$0.35 a share, lifting its interest to 19.5%.

Osisko on Friday also noted that it had entered into a share purchase agreement with QMX Gold on Thursday to buy 1.49-million common shares of Falco at a price of C$0.45 apiece for C$670 045.50. This represented about 2.04% of Falco’s issued and outstanding common shares.

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