Osisko, Virginia to create intermediate gold royalty company

TSX-listed Osisko Gold Royalties and TSX-listed mining exploration company Virginia Mines have entered into a definitive agreement to acquire Virginia for C$479-million, reports Reuters, to create a new intermediate royalty company with two “world-class” gold royalty assets in Quebec, Canada. The combined company named Osisko Gold Royalties, would have an estimated market capitalisation of C$1.3-billion, and be headquartered in Montreal, Quebec.