RE:RE:RE:This gold royalty company looks promising RJ,
I think the following from the original PR will answer your question:
Transaction details
The combination has been unanimously agreed to by the boards of directors of Osisko and Virginia and the board of directors of each company will be recommending that each company's respective shareholders vote in favour of the combination. The boards of directors of the companies have received an opinion from their respective financial advisers that, subject to the assumptions, limitations and qualifications set out therein, the arrangement consideration is fair, from a financial point of view, to each set of shareholders.
In addition, shareholders of Osisko owning in total 25 per cent of the company have agreed to vote in favour of the transaction, and shareholders of Virginia owning in total 30 per cent of the company have locked up their shares in favour of the transaction.
The definitive agreement includes a commitment by each of Osisko and Virginia not to solicit alternative transactions to the combination. Each company has agreed to pay a break fee to the other party of $26-million under certain circumstances. In addition, each company has granted the other party a right to match a competing offer, and both sets of directors and officers have agreed to lock up their shares in support of the combination.
The combination is conditional upon the Virginia and Osisko shareholders approving the combination as well as other customary conditions and regulatory approvals. Special shareholder meetings for each company to vote on the combination are expected to be held in January, 2015, with closing expected thereafter.
Full details of the business combination will be included in the joint management information circular to be filed on SEDAR and mailed to shareholders shortly.
Regards,
JA