Brief: Osisko Enters Into Agreement To Acquire Cash-Flowing Silver Stream On High-Grade CSA Mine

MAC Copper

17/03/2022 10:42

March 17 (Reuters) - Metals Acquisition Corp  MTAL.N :
    * OSISKO ENTERS INTO AGREEMENT TO ACQUIRE A CASH-FLOWING
SILVER
STREAM ON THE HIGH-GRADE CSA MINE
    * OSISKO GOLD ROYALTIES - UNIT ENTERED INTO A BINDING
AGREEMENT
WITH METALS ACQUISITION CORP. WITH RESPECT TO A US$90 MILLION
SILVER STREAM
    * OSISKO GOLD ROYALTIES - OBL PROVIDED MAC WITH OPTION TO
DRAW UP
TO ADDITIONAL US$100 MILLION IN UPFRONT PROCEEDS THROUGH SALE OF
A COPPER STREAM
    * OSISKO GOLD ROYALTIES LTD - OBL WILL BE ENTITLED TO
RECEIVE 100%
OF PAYABLE SILVER PRODUCED FROM CSA FOR LIFE OF MINE
    * OSISKO GOLD ROYALTIES LTD - OBL HAS AGREED TO SUBSCRIBE
FOR
US$15 MILLION IN EQUITY OF MAC AS PART OF ITS CONCURRENT EQUITY
FINANCING

Source text for Eikon:  ID:nGNX1P8p6X 
Further company coverage:  MTAL.N