Osisko Gold Royalties Reports Sale Of 50.02M Common Shares Of Osisko Mining For Gross Proceeds Of C$132M
Portfolio Pulse from Benzinga Newsdesk
Osisko Gold Royalties has sold 50.02 million common shares of Osisko Mining, resulting in gross proceeds of C$132 million. The transaction may impact Osisko Gold Royalties' liquidity and investment portfolio.
December 13, 2023 | 9:45 pm
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Osisko Gold Royalties' sale of 50.02 million shares of Osisko Mining for C$132M could improve liquidity and alter its investment portfolio.
The sale of a significant number of shares is likely to be viewed positively as it increases Osisko Gold Royalties' cash reserves, which can be used for further investments or to strengthen the balance sheet. However, the impact on the stock price will depend on investor perception of the sale's strategic value and the use of proceeds.
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