Osisko investors OK $1.1 bln precious metals portfolio buy

Shareholders of Osisko Gold Royalties Ltd (TSX, NYSE: OR) have approved the company's proposed buy of a precious metals portfolio from U.S. private equity firm Orion Mine Finance Group. The deal, announced in June, is valued at $1.13 billion. Osisko, a Montréal-based intermediate precious metal royalty and stream company, said the acquisition is expected to close today. Caisse de dépôt et placement du Québec and the Fonds de solidarité FTQ, both existing investors in the company, earlier agreed to fund about 41 percent of the $675 million cash payment for the portfolio.

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