Osisko makes initial investment towards share buyback programme, reduces debt by $43m

TSX- and NYSE-listed Osisko Gold Royalties on Monday announced that it had completed an initial investment of C$9.8-million towards its normal course issuer bid (NCIB) for 849 480 shares and that it had repaid $43-million on its revolving credit facility. The share repurchases were completed as an initial investment towards the company’s previously announced intention to deploy up to C$100-million towards purchases under its NCIB.