The company has been clear on its opposition to the hostile bid, but Osisko CEO
Roosen says Osisko had set the stage for significant dividend policy for 2014, a plan he says he would "like to get back to."
Some of that money, he says, is now being spent on lawyers and bankers dealing with a legal challenge against Goldcorp, which Osisko accuses of breaking a confidentiality agreement and failing to honour a standstill agreement.
Roosen again urged shareholders to reject the Goldcorp deal, saying there was no real premium, a day after posting a profit of
Under terms of the Goldcorp bid, Osisko shareholders would receive 0.146 of a Goldcorp share and
However, Osisko shares have traded well above the implied value of the Goldcorp offer since the bid was first announced. On Wednesday, Osisko shares were down
Osisko's main asset is the Canadian Malartic gold mine in northern
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