03 December 2019
Osisko Metals Announces Sale of 1.5% NSR Royalty on Pine Point Project and $7M Non-Brokered Private Placement
On December 3, 2019 Osisko Metals Incorporated (“Osisko” or the “Company”) announced that it had entered into a binding term sheet with Osisko Gold Royalties Ltd (“Osisko Gold Royalties”), pursuant to which Osisko Gold Royalties will acquire, subject to the closing by the Corporation of the previously announced purchase of the Karst Royalty, half of such Karst Royalty, representing a 1.5% net smelter return royalty on the Corporation’s 100%-owned Pine Point Project, in consideration for a cash purchase price of C$6.5M.
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