Osisko Gold to acquire Barkerville Gold Mines for $255m.

Osisko Gold Royalties, an intermediate precious metal royalty company to acquire Barkerville Gold Mines, a Canada-based gold mineral explorer for $255m. Each shareholder will receive 0.0357 of a common share of Osisko in exchange for each share of Barkerville. The deal gives it access to Barkerville’s touted Cariboo gold project in British Columbia, which Osisko sees as a “potentially world-class asset” with significant infrastructure in place. “The addition of the Cariboo Gold project to our portfolio adds a potentially world-class asset in Canada in an impacted brownfield site with significant infrastructure in place. Osisko and Barkerville will take advantage of their combined mine building, exploration, permitting, development and construction expertise to advance the Cariboo gold project," Sean Roosen, Osisko CEO.