Wednesday, April 2, 2014

Osisko Finds Partner

Osisko Mining appears to have found a partner to help fight off a hostile take-over bid by Goldcorp.  Osisko says its entered into a partnership with Yamana Gold that will see the Toronto-based company acquire 50-percent interest in Osisko and become an equal partner in its mining and exploration projects.
The deal is valued at nearly 930-million dollars.  Goldcorp is offering 2-point-9 billion for Osisko.