Not directly related to Falco, but interesting news from one of thier largest shareholders, Osisko.

GLTAL!

AUH2O

Osisko Gold Royalties Acquires Orion Mine Finance Royalty Portfolio for $1.1 Bln

07:51 AM EDT, 06/05/2017 (MT Newswires) -- Osisko Gold Royalties (OR.TO) said Monday that it has entered into a definitive agreement with Orion Mine Finance Group to acquire a high-quality precious metals portfolio of assets consisting of 74 royalties, streams and precious metal offtakes in a stock and cash deal worth $1.125 billion.

The combination of Osisko and Orion's portfolios will result in the company holding a total of 131 royalties and streams, including 16 revenue-generating assets. The purchase price paid to Orion will consist of $675 million in cash consideration plus $450 million in Osisko common shares. As part of the transaction, Quebec's Caisse and the Fonds de solidarite FTQ will be subscribing for $200 and $75 million in common shares of Osisko, respectively, as part of a concurrent private placement to fund a portion of the cash consideration and support the transaction. Additionally, Osisko will draw $150 million under its revolving credit facility with the National Bank of Canada and Bank of Montreal, and $250 million will be funded from Osisko's current cash reserves.

Osikso said the transaction increases its shares outstanding by less than 50%, doubles Osisko's near-term cash flow and more than triples Osisko's cash flowing assets from 5 to 16. The deal also provides Osisko with a growth pipeline with expected production of over 100,000 gold equivalent ounces in 2018 growing to over 140,000 by 2023