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Monday, November 17, 2014

CORRECTED-Canada's Osisko Gold to purchase Virginia Mines for C$479 mln, (CVE: GRO.V), (TSE: VGQ.TO)

Osisko Gold Royalties Ltd, which hold interests in gold assets across Canada, said it would purchase gold explorer Virginia Mines Inc for about C$479 million ($424 million).

Gold Royalties Corporation (Gold Royalties), formerly Richmond Row Capital Corp. Shares of GRO fell by 7.69% or $-0.01/share to $0.12. In the past year, the shares have traded as low as $0.08 and as high as $0.50. On average, 19061 shares of GRO.V exchange hands on a given day and today's volume is recorded at 20000.

Virginia Mines Inc. is engaged in the business of acquiring and exploring mining properties. Shares of VGQ traded higher by 34.06% or $3.43/share to $13.50. In the past year, the shares have traded as low as $9.25 and as high as $14.45. On average, 23618 shares of VGQ.TO exchange hands on a given day and today's volume is recorded at 25299.



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