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Osisko to Acquire Orion Mine Finance Royalty Portfolio for Cdn$1.125 Billion
- Client News
- June 5, 2017
Paul, Weiss is representing Osisko Gold Royalties Ltd in its definitive agreement with Orion Mine Finance Group to acquire a high-quality precious metals portfolio for Cdn$1.125 billion. The portfolio is comprised of 74 royalties, streams and precious metal offtakes. Under the agreement, Osisko will pay Orion Cdn$675 million in cash and 30,906,594 Osisko common shares at a price of Cdn$14.56 per share, for an aggregate value of Cdn$450 million.
Osisko is a Montreal-based intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Orion is one of the world's leading mining-focused private equity businesses.
The Paul, Weiss team included corporate partner Adam Givertz; and antitrust counsel Marta Kelly.