Tuesday, March 4, 2014

Osisko Drop Court Case Against Goldcorp

An out-of court settlement has been reached in a dispute between Osisko Mining and Goldcorp.

A Quebec Court was to hear a complaint Monday from Osisko that alleged Goldcorp misused confidential information in making a hostile bid for the company in January.

As part of the agreement, Goldcorp is extending its offer until April 15.

In return, Osisko will provide Goldcorp access to "due diligence" materials on April 1st or earlier if Osisko enters into an agreement with another company.