Canadian gold miner Osisko Mining Corp said it will purchase Queenston Mining Inc for about C$550 million ($549.09 million). The offer of C$6.00 per share represents a premium of 20 percent to Queenston's Friday close.
Osisko Mining Corporation (Osisko) is engaged in the business of acquiring, exploring, developing and operating mineral properties, primarily those containing gold and associated precious metals. Shares of OSK remained unchanged at $9.82. In the past year, the shares have traded as low as $6.25 and as high as $12.97. On average, 1562660 shares of OSK.TO exchange hands on a given day and today's volume is recorded at 0.
Queenston Mining Inc. (Queenston) is a Canadian resource company engaged in the exploration for gold in Canada. Shares of QMI remained unchanged at $5.01. In the past year, the shares have traded as low as $2.90 and as high as $6.46. On average, 166823 shares of QMI.TO exchange hands on a given day and today's volume is recorded at 0.
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