PSP Investments commits $100 mln to Osisko Gold Royalties
Osisko Gold Royalties Ltd (TSX, NYSE: OR) has launched a $260 million bought deal of convertible senior unsecured debentures. The deal, expected to close in November, includes an agreement by the Public Sector Pension Investment Board (PSP Investments) to purchase $100 million of debentures in a private offering. An option has been granted to underwriters to increase the private offering by a further $40 million. Montréal-based Osisko said the proceeds will be used in part to acquire precious metal royalties and streams. Earlier this year, Osisko bought a precious metals portfolio from U.S. private equity firm Orion Mine Finance Group for $1.13 billion.
16 October 2017•4 mins read
