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Osisko Gold acquires 12% stake in Algold Resources

Osisko Gold Royalties Ltd. said Feb. 6 that it acquired an approximately 12.48% stake in Algold Resources Ltd. on a partially diluted basis after subscribing to 14,285,714 units of Algold at a price of 14 Canadian cents each.

Each unit is comprised of 1 share and 1 share purchase warrant, exercisable to purchase 1 Algold share at 20 cents each for a period of 36 months.