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Osisko increasing NSR on Barkerville's Cariboo project to 2.25% for C$12.5M

Barkerville Gold Mines Ltd. said March 27 that it entered a deal with Osisko Gold Royalties Ltd. to sell an additional 0.75% net smelter royalty on the Cariboo gold project in British Columbia for C$12.5 million.

Upon completion of the transaction, Osisko's NSR on Cariboo will total 2.25%.

The agreement will cancel Osisko's royalty right granted under a February 2016 investment agreement between the companies when they closed the acquisition of a 1.5% NSR on Cariboo for C$25 million.

Osisko will continue to retain a right of first refusal relating to any gold stream offer received by Barkerville for Cariboo.