The Prospector News

Osisko Gold Royalties Completes $4.9 Million Flow Through Private Placement Into NioGold Mining

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Osisko Gold Royalties Completes $4.9 Million Flow Through Private Placement Into NioGold Mining

 

 

 

 

 

Osisko Gold Royalties (TSX:OR) is pleased to announce that it has completed its non-brokered private placement of 14,000,000 flow-through common shares of NioGold Mining Corporation (TSX-V:NOX) (OTCQX:NOXGF) at a price of $0.35 per share. Upon closing the transaction, Osisko owns 23,598,500 common shares of NioGold, or approximately 19.5% of NioGold’s issued and outstanding common shares. The Flow-Through Shares have been acquired by Osisko pursuant to applicable exemptions from the prospectus requirements and are subject to a four-month hold period.

 

In addition, Osisko has completed the purchase of the rights held by NioGold to repurchase half of the existing net smelter return royalties on the Marban block and Malartic Hygrade-NSM block for an aggregate purchase price $150,000.

 

Sean Roosen and John Burzynski have also been appointed to the board of directors of NioGold.

 

About NioGold Mining Corporation

 

NioGold is a mineral exploration company focused on gold. Its flagship projects are located in the Cadillac – Malartic – Val-d’Or region of the prolific Abitibi gold mining district, Quebec. The Cadillac, Malartic and Val-d’Or mining camps have produced over 45 million ounces of gold since the 1930s and presently encompasses six producing gold mines including the Canadian Malartic Mine. NioGold’s land holdings within the Abitibi presently cover 130km2 and encompass four former gold producers, namely the Norlartic, Kierens (First Canadian), Marban and Malartic Hygrade mines that collectively produced 640,000 ounces of gold.

 

About Osisko Gold Royalties Ltd


 

Osisko is a gold-focused royalty company whose cornerstone asset is a 5% NSR royalty on the Canadian Malartic Gold Mine, located in Malartic, Quebec. The Company also holds a 2% NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario. Osisko’s head office is located at 1100 Avenue des Canadiens-de-Montreal, Suite 300, Montreal, Quebec, H3B 2S2.

Posted August 29, 2014

Share this news article

MORE or "UNCATEGORIZED"


Talisker Intersects 995 g/t Gold Over 0.5 Metres within 227.55 g/t Gold Over 2.25 Metres at the Bralorne Gold Project

Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) is pleased to a... READ MORE

November 26, 2020

Copper Mountain Closes C$17.25 Million Bought Deal Offering of Common Shares

Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) i... READ MORE

November 26, 2020

Surge Copper Drills 0.72% Copper Equivalent Over 176.1 Metres At Ootsa Including 0.89% Copper Equivalent Over 126 Metres

Surge Copper Corp. (TSX-V: SURG), is pleased to announce assay re... READ MORE

November 26, 2020

Kirkland Lake Gold Announces Sale of Novo Shares and Warrants

Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) announced it... READ MORE

November 26, 2020

Newcore Gold Intersects 1.38 g/t Gold Over 45.0 Metres, Including 6.25 g/t Gold Over 6.0 Metres, at the Enchi Gold Project, Ghana

First Results from the Nyam Gold Deposit at Enchi; Second Drill R... READ MORE

November 26, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions