CORRECTED-Canada's Osisko Gold to buy Virginia Mines for C$479 mln

Mon Nov 17, 2014 9:31am EST
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(Corrects deal value in headline to C$479 million from C$476 million)

Nov 17 (Reuters) - Osisko Gold Royalties Ltd, which hold interests in gold assets across Canada, said it would buy gold explorer Virginia Mines Inc for about C$479 million ($424 million).

Osisko Gold's said its offer is worth C$14.19 per Virginia Mines share, representing a 41 percent premium to the stock's closing on Friday. ($1 = C$1.1307) (Reporting By Shubhankar Chakravorty in Bangalore; Editing by Savio D'Souza)