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The Gold Royalties Limited Announces Acquisition With Virginia Mines Inc.

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Osisko Gold Royalties Limited announces acquisition with Virginia Mines Inc. This particular deal helps in creating new intermediate royalty company while having gold royalty assets. It was originally priced around $479 million. Existing investors mostly contributed in the funding transactions in an overall manner (Albrecht, Stice & Stice, 2011). Osisko Gold Royalties and Virginia Mines Inc. have announced and successfully completed plans for various arrangements for the same. As far as Osisko is concerned, they have acquired issues as well as outstanding common shares of Virginia. Shareholders of Virginia receive shares in the ratio 0.92 from Osisko and common shares in respect to Virginia’s common shares in an overall manner. Osisko Gold Royalties Limited shows interest shares especially from Toronto Stock Exchange. It mainly submits application for reporting on an issuer and terminates with the public reporting requirements in an overall manner. Common shares of Osisko require arrangement for listed exchanges on 17th February 2015 (Berry, 2011). Osisko declares various obligations for revising the forward-looking statements in the near future. Addition to that, Osisko Gold Royalties Limited buys Virginia Mines Limited amounting to $461 million. It combines with the two companies and derives income from various royalties especially from gold mines in Quebec. Values of each share of Virginia Mines Limited arrive at about $14.19 and closes for both the related companies

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