Montreal-based Osisko Gold Royalties has unveiled plans to collect more than US$250 million from a group of investors, with Eight Capital and RBC Capital Markets acting on be-half of a syndicate of underwriters who are to acquire shares in the company.
The Canadian business said in a statement it “plans to use the net proceeds from the Offering for general corporate purposes, including funding resource royalty and stream acquisitions, the potential repay-ment, from time to time, of amounts drawn under the Company’s re-volving credit facility and other corporate development opportunities.”
The offering is expected to close on or about 31 March 2022.
It will be “subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the To-ronto Stock Exchange and the New York Stock Exchange and the applicable securities regulatory authorities,” according to Osisko Gold Royalties.