The TSX Venture Exchange has accepted for filing documentation relating to a sale agreement dated Oct. 8, 2024, between Osisko Metals Inc. and arm's-length parties. Pursuant to the agreement, the company has acquired 199 mining claims, adjacent to its Gaspe copper project.
Consideration: $100,000 cash and five million common shares
The vendors will retain a 2-per-cent net smelter return (NSR) royalty, half of which (a 1-per-cent royalty) is redeemable by the company for $2-million.
For further details, please refer to the company's news release dated Dec. 6, 2024.
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