Regulus Resources and Osisko Gold Royalties Announce Strategic Partnership - Seite 2
The transaction is expected to close by the end of October.
John Black, Chief Executive Officer of Regulus, commented as follows: “We are pleased to welcome Osisko as a stakeholder in the AntaKori project. Osisko has a track record of being able to identify high quality assets, and their investment in AntaKori provides a strong endorsement of our vision for the future development of the project. Through this transaction we have been able to reduce outstanding royalties on the AntaKori project, thereby improving the overall value of the project, while at the same time raising a significant sum of money. Additionally, we will continue to look for opportunities to acquire outstanding royalties with our partner. We are now fully financed to complete our Phase II drill program which will restart shortly. We are mobilizing rigs and expect to commence drilling in the coming week.”
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Sean Roosen, Chair and Chief Executive Officer of Osisko commented as follows: “We are excited to form this partnership with Regulus on the AntaKori project. Through this investment we have a unique opportunity to gain exposure to one of the largest and highest grade undeveloped copper-gold projects in the world, located in a premier jurisdiction, and to work with a management team with a proven track record of delivering world class projects. Regulus and Osisko are like-minded in the sense that we believe true value is driven by the drill bit. This mutually-beneficial transaction will allow Regulus the opportunity to continue its excellent exploration work while adding value to Osisko’s royalty investments along the way.”