BRIEF-Osisko Gold Royalties streamlines operations

Tue Aug 16, 2016 8:29am EDT
 
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Aug 16 (Reuters) - Osisko Gold Royalties Ltd :

* Osisko mining may earn 50% of Osisko royalties' interest following expenditures totaling $19.2 million

* Under terms of agreement, Osisko mining may earn 50% of Osisko royalties' interest following expenditures totaling $19.2 million

* Osisko Gold Royalties streamlines operations

* Granted Osisko Mining Inc an option to earn 100% of its interest on its portfolio of exploration properties held in Quebec

* Under terms Osisko Mining may earn 100% of its royalties' interest upon completing total investment of $32 million over 7 year period Source text for Eikon: Further company coverage: