Osisko Gold to buy Virginia Mines with PE backing: Reuters

Osisko Gold Royalties Ltd said it would buy royalty company Virginia Mines Inc for about $479 million to create a company valued at $1.3 billion, Reuters reported. The Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ have agreed to contribute to the deal with private placements totaling $70 million. Under the agreement, the Caisse and Fonds will share in all future royalty or stream transactions entered into by Osisko and Virginia.

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