Osisko Mining Inc. Agrees To Acquire Beaufield Resources
Osisko Mining Inc. (TSX:OSK) has agreed to acquire all shares of Beaufield Resources Inc. (TSXV: BFD),the two companies report. Holders of Beaufield shares would receive0.0482 of a common share of Osisko for each Beaufield share. This represents animplied offer price of $0.082 per Beaufield share based on Osisko’s Aug. 14closing price, plus a premium of approximately 54% based on the 20-day volumeweighted average price of both companies’ common shares on the Toronto StockExchange and TSX Venture Exchange, officials report. The deal is subject toapproval by Beaufield shareholders. “By joining Osisko in our large-scale exploration and developmentprogram at Windfall, Beaufield shareholders have the opportunity to capitalizeon the strong premium offered...and to benefit from the future growth of ourproject,” says John Burzynski, president and chief executive officer.
By Allen Sykoraof Kitco News; asykora@kitco.com
OceanaGoldCEO: Haile Results ‘To Add More Low-Cost Ounces’
Wednesday August 16, 2018 08:53
OceanaGoldCorp. (TSX, ASX: OGC) reports exploration has resulted in additional golddiscoveries at the company’s Haile Gold Mine in South Carolina. Resultsincluded 46.6 meters at 4.93 grams per tonne between Ledbetter and Snake, 32.3meters at 10.14 g/t at Mill Zone, 77.7 meters at 4.04 g/t at upper Ledbetter,21.3 meters at 4.51 g/t at Red Hill and 45.1 meters at 1.17 g/t between MillZone and Mustang. Mick Wilkes, president and chief executive officer, says theresults “are expected to add more low-cost ounces to our reserves.” He lateradds, “Since acquiring the Haile Gold Mine in late 2015, we have delivered a70% increase in reserves and, through our exploration program, we continue tolearn more about the genesis of the mineralization.”
By Allen SykoraFor Kitco News
Follow @AllenSykora
asykora@kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.