June 21, 2018 / 5:18 PM / in 4 months

BUZZ-Canadian miner Dalradian soars on takeover offer by Orion

** Canada-based gold miner’s shares jump 59.3 pct to a 7-month high of $1.45

** PE firm Orion Mine Finance to buy co for C$537 mln ($403 mln) in an all-cash deal

** Orion offers C$1.47/share, a premium of 61.5 pct to Wednesday’s close

** Deal expected to close in Q3

** Orion will not buy Dalradian shares held by co’s senior management team, Osisko Gold Royalties and Osisko CEO Sean Roosen

** Up to Wednesday’s close, stock had risen 9.4 pct YTD ($1 = C$1.33) (Reporting by Akshara P in Bengaluru)

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