Osisko Gold Royalties Ltd

03:07 PM EST - Osisko Gold Royalties Ltd : Announced that its wholly-owned subsidiary, Osisko Bermuda Limited has agreed to acquire a gold stream with reference to the future gold produced from the Back Forty property located in Michigan, from Aquila Resources Inc.. OBL will make a staged upfront cash deposit to Aquila of up to $55 million U.S. for the Gold Stream, and will make ongoing payments equal to 30% of the spot price of gold, to a maximum of $600 U.S. per ounce. Osisko Gold Royalties Ltd
shares T.OR are trading down $0.34 at $15.31.