Early Warning News Release
April 02 2019 - 6:03PM
Osisko Gold Royalties Ltd (TSX & NYSE:OR) ("Osisko") announces
that it has subscribed for and received 34,090,909 common shares of
Victoria Gold Corp. (TSXV:VIT) (“Victoria Gold”) at a price of
$0.44 per common share, for an aggregate subscription price of
$14,999,999.96 pursuant to a private placement purchase agreement
(the “Subscription”).
Immediately prior to the closing of the
Subscription, Osisko held, directly or indirectly, 120,427,087
common shares of Victoria Gold, representing approximately 15.3% of
Victoria Gold’s common shares prior to the closing.
Immediately following the closing of the
Subscription, Osisko owns, directly or indirectly, 154,517,996
common shares of Victoria Gold representing approximately 18.1% of
Victoria Gold’s common shares.
Osisko acquired the common shares described in
this press release for investment purposes. In accordance with
applicable securities laws, Osisko may, from time to time and at
any time, acquire additional shares and/or other equity, debt or
other securities or instruments (collectively, “Securities”) of
Victoria Gold in the open market or otherwise, and reserves the
right to dispose of any or all of its Securities in the open market
or otherwise at any time and from time to time, and to engage in
similar transactions with respect to the Securities, the whole
depending on market conditions, the business and prospects of
Victoria Gold and other relevant factors.
A copy of the early warning report to be filed
by Osisko in connection with the Transaction described above will
be available on SEDAR under Victoria Gold’s profile. This news
release is issued under the early warning provisions of the
Canadian securities legislation.
About Osisko Gold Royalties
Ltd
Osisko Gold Royalties Ltd is an intermediate
precious metal royalty company focused on the Americas. Osisko
holds a North American focused portfolio of over 130 royalties,
streams and precious metal offtakes. Osisko’s portfolio is anchored
by its 5% net smelter return royalty on the Canadian Malartic mine,
which is the largest gold mine in Canada. Osisko also owns a
portfolio of publicly held resource companies, including a 16.8%
interest in Osisko Mining Inc., a 32.3% interest in Barkerville
Gold Mines Ltd. and a 22.7% interest in Falco Resources Ltd.
Osisko’s head office is located at 1100 Avenue
des Canadiens-de Montréal, Suite 300, Montréal, Québec, H3B
2S2.
For further information, please contact Osisko Gold
Royalties: Joseph de la Plante Vice President, Corporate
Development Tel. (514) 940-0670 jdelaplante@osiskogr.com
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