Osisko Gold Royalties Boosts Holding in Barkerville Gold Mines

Osisko Gold Royalties Ltd (OR) said Wednesday morning it entered into a binding purchase agreement with 2176423 Ontario Ltd. to acquire ownership of an aggregate of almost 55.3 million common shares in the capital of Barkerville Gold Mines Ltd. at a purchase price of CAD0.509 ($0.38) per share for an aggregate price of CAD28.1 million.

This is in addition to the 61,090,863 common shares of Barkerville already held by Osisko. The company will now own approximately 35.2% of Barkerville’s issued and outstanding common shares.

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