Index Changes involving Osisko Mining Corporation
TORONTO , June 9, 2014 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Osisko Mining Corp. (OSK.TO) have agreed to the terms of a Plan of Arrangement with Yamana Gold Inc. (YRI.TO) and Agnico Eagle Mines Limited (AEM.TO). Osisko shareholders will receive, for each share held, the following consideration:
- $CDN2.09 in cash
- 0.07264 shares of Agnico Eagle Mines
- 0.26471 shares of Yamana Gold
- One-tenth share of Osisko Gold Royalties Ltd.
Osisko Gold Corp. will change its name to Osisko Gold Royalties Ltd. (OR.TO) and it will remain in all the indices where it is currently a constituent. At the close before the effective date, the close price of Osisko Gold will be reduced by the sum of the following 3 amounts:
- $2.09 (Canadian)
- 0.07264 times the close price of Agnico Eagle Mines
- 0.26471 times the close price of Yamana Gold
The newly-issued shares of Yamana Gold and Agnico Eagle Mines will be added to all indices where either of those two companies is currently a constituent. Note there will be no weight change for either Yamana Gold or Agnico Eagle Mines in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Equal Weight Global Gold, the S&P/TSX Composite High Beta or the S&P/TSX 60 130/30 Index. These index changes will be effective after the close of trading on Friday, June 13, 2014 .
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SOURCE S&P Dow Jones Indices
- Stocks & Offerings
- Commodity Markets
- Agnico Eagle Mines
- Yamana Gold