Deals
Osisko to Buy Virginia to Add Gold Royalties
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Osisko Gold Royalties Ltd. agreed to buy Virginia Mines Inc. for about C$461 million ($408 million), combining two companies that derive their income from royalties from gold mines in Quebec.
The all-stock offer values each share of Virginia at C$14.19, based on Nov. 14 closing prices, both companies said today in a statement. That represents a deal premium of 41 percent, they said.