Early Warning News Release
May 03 2019 - 4:30PM
Osisko Gold Royalties Ltd (TSX & NYSE:OR) (“Osisko”) announces
that it has entered into a binding securities exchange agreement
with Orefinders Resources Inc. (“Orefinders”), whereby Orefinders
has agreed to acquire ownership from Osisko of an aggregate of
11,850,000 common shares (the “Mistango Shares”) in the capital of
Mistango River Resources Inc. (CSE:MIS) (“Mistango”) in exchange
for 5,000,000 common shares of Orefinders at a deemed share price
of $0.05 per common share, for a deemed aggregate consideration of
$250,000 (the “Transaction”).
Immediately prior to the closing of the
Transaction, Osisko had beneficial ownership of, or control and
direction over, 11,850,000 Shares of Mistango. Due to the closing
of the Transaction, Osisko no longer holds any Mistango Shares.
In accordance with applicable securities laws,
Osisko may, from time to time and at any time, acquire common
shares and/or other equity, debt or other securities or instruments
(collectively, “Securities”) of Mistango 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 Mistango 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 Mistango’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 that holds a North American focused
portfolio of over 135 royalties, streams and precious metal
offtakes. Osisko’s portfolio is anchored by its 5% NSR 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 32.7% interest in Barkerville Gold Mines
Ltd., a 16.6% interest in Osisko Mining Inc., an 18.8% interest in
Victoria Gold Corp. and a 19.9% 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 PlanteVice
President, Corporate DevelopmentTel. (514)
940-0670jdelaplante@osiskogr.com |
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