June 5, 2017 / 7:03 PM / 3 months ago

BUZZ-Osisko Gold Royalties: Set for best day ever on Orion deal

** Precious metal royalty and stream co's shares rise as much as 11.62 pct to $11.91, set for best day ever

** Rises for 4th straight day; last up 10.8 pct at $11.83

** Co agrees to buy a precious metals portfolio from U.S. private equity firm Orion Mine Finance Group for C$1.13 billion ($839.40 million)

** Transaction is "transformative" for Quebec-based Osisko as it increases its portfolio of producing diamond, gold and silver assets to 16 from five, Eight Capital analyst Josh Wolfson says in a note to clients

** Toronto-listed shares of Osisko were up 10.76 pct at C$15.95; Biggest pct gainer on Toronto Stock Exchange (TSX)

** Up to Friday's close, U.S.-listed shares of the co had gained nearly 10 pct in the last 12 months

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