Day: January 15, 2014

The Board of Directors of Osisko Mining Corporation has received the takeover bid circular published by Goldcorp Inc. regarding its unsolicited proposal to acquire all of the common shares of Osisko.

Could Goldcorp’s (NYSE:GG,TSX:G) hostile takeover bid for Osisko Mining (TSX:OSK) mean the beginning of a fresh round of mergers and acquisitions (M&A) in what has been a quiet market for mining tie-ups? Likely that won’t happen right away, but the bid is a sign that the gold majors are starting to shop around after a year spent cutting costs and taking care of their own balance sheets.

Minaurum Gold Inc. is pleased to announce that, further to its news release dated December 20th, 2013, it has completed a second tranche closing on $495,000 of its $1.3 million non-brokered private placement. With its second tranche closed, Minaurum has now raised a total of $870,000. A finder’s fee of 182,000 shares was paid in connection with the second tranche. The securities issued under the offering will be subject to a four month hold period expiring May 16, 2014 in accordance with applicable Canadian securities laws.