Early Warning News Release
January 14 2020 - 4:30PM
Osisko Gold Royalties Ltd (TSX & NYSE:OR)
(“
Osisko”) announces that it has purchased and
received from Minera Alamos Inc. (TSXV:MAI) (“
Minera
Alamos”), 30,000,000 common shares (the “Shares”) of
Minera Alamos for a price of $0.20 per Share by way of a private
placement of Minera Alamos, for an aggregate purchase price of
$6,000,000 (the “
Transaction”).
Immediately prior to the closing of the
Transaction, Osisko held, directly or indirectly, (i) 46,080,000
common shares of Minera Alamos, and (ii) warrants entitling Osisko
to purchase 200,000 common shares (the
“Warrants”). Assuming the exercise of the
Warrants, Osisko would own 46,280,000 representing approximately
12.3% of Minera Alamos’ issued and outstanding common shares prior
to the closing.
Immediately following the closing of the
Transaction, Osisko owns, directly or indirectly,
(i) 76,080,000 common shares of Minera Alamos representing
approximately 18.7% of the issued and outstanding common shares of
Minera Alamos and (ii) 200,000 Warrants of Minera Alamos. Assuming
the exercise of the Warrants, Osisko would own 76,280,000 common
shares of Minera Alamos, representing approximately 18.8% of Minera
Alamos’ common shares that would be issued and outstanding.
Osisko acquired the securities described in this
press release for investment purposes and in accordance with
applicable securities laws, Osisko may, from time to time and at
any time, acquire additional Common Shares and/or other equity,
debt or other securities or instruments (collectively,
“Securities”) of Minera Alamos 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 Minera Alamos 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 Minera Alamos’ 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 that
commenced activities in June 2014. Osisko holds a North American
focused portfolio of over 135 royalties, streams and precious metal
offtakes. Osisko’s portfolio is anchored by five cornerstone
assets, including a 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 15.9% interest in Osisko Mining Inc., 17.9% interest in
Osisko Metals Incorporated 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 more information, visit www.osiskogr.com.
For further information, please contact
Osisko Gold Royalties Ltd:
Sandeep SinghPresidentTel. (514) 940-0670ssingh@osiskogr.com
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