Canadian gold miner Osisko Mining Corp said it will purchase Queenston Mining Inc for about C$550 million ($549.09 million) to get access to gold-rich properties in the Kirkland Lake area in north-eastern Ontario.Montreal-based Osisko's flagship project is the Canadian Malartic gold mine in the Abitibi mining district in Quebec.Queenston shareholders will receive 0.611 of an Osisko share for each common Queenston share held, the companies said in a statement.The offer of C$6.00 per share represents a premium of 20 percent to Queenston's Friday close of C$5.01.
Abitibi Mining Corp. (Abitibi Mining) is a Canada-based junior exploration company. Shares of ABB remained unchanged at $0.02. In the past year, the shares have traded as low as $0.01 and as high as $0.04. On average, 9788 shares of ABB.V exchange hands on a given day and today's volume is recorded at 0.
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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