To pay 4.90 Canadian dlr/ Osisko Mining share (Il Sole 24 Ore Radiocor) - Johannesburg, 12 Aug - The South African miner Gold Fields said that it has entered into a definitive agreement to acquire all the common shares of Osisko Mining on the Toronto Stock Exchange (TSX).

The transaction, if approved by Osisko Mining shareholders, will give Gold Fields full control of the of the Windfall Project in Quebec, Canada, currently jointly and equally owned and managed by Gold Fields and Osisko Mining.

Gold Fields has agreed to acquire the Osisko Mining shares at a price of 4.90 Canadian dollars per share in an all-cash transaction. The offer price implies a fully diluted equity value for Osisko Mining of approximately 2.16 billion Canadian dollars (1.57 billion US dollars) and enterprise value of 1.48 billion Canadian dollars (1.08 billion US dollars).

It is envisaged that the transaction will be finalised in the fourth quarter of 2024, it added.

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(RADIOCOR) 12-08-24 08:10:09 (0067) 5 NNNN