Early Warning News Release
September 13 2018 - 9:46AM
Osisko Gold Royalties Ltd (TSX & NYSE:OR) ("Osisko") announces
today that, pursuant to the terms of a private share purchase
agreement completed on September 12, 2018, Osisko has acquired
direct ownership of an aggregate 5,435,000 common shares at a price
of $0.55 per share (the "Shares") of Osisko Metals Incorporated
(TSXV:OM) ("Osisko Metals") (the "Transaction").
Immediately prior to the closing of the
Transaction, Osisko held, directly or indirectly, (i) 9,006,667
common shares of Osisko Metals, and (ii) warrants entitling Osisko
to purchase 1,250,000 common shares of Osisko Metals (the
"Warrants"). Assuming the exercise of the Warrants, Osisko would
own 10,256,667 common shares of Osisko Metals, representing
approximately 8.79% of Osisko Metals’ common shares prior to the
closing.
Immediately following the closing of the
Transaction, Osisko owns, directly or indirectly, (i) 14,441,667
common shares of Osisko Metals representing approximately 11.44% of
the issued and outstanding common shares of Osisko Metals and (ii)
the Warrants of Osisko Metals. Assuming the exercise of the
Warrants, Osisko would own 15,691,667 common shares of Osisko
Metals, representing approximately 12.30% of Osisko Metals’ common
shares that would be issued and outstanding.
Osisko acquired the Shares 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 shares and/or other equity, debt or
other securities or instruments (collectively, "Securities") of
Osisko Metals 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
Osisko Metals 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 Osisko Metals’ 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. Following the acquisition of the
Orion portfolio, it now holds a North American focused portfolio of
over 130 royalties, streams and precious metal offtakes. Osisko’s
portfolio is anchored by five cornerstone assets, including a 5%
NSR royalty on the Canadian Malartic Mine, which is the largest
gold mine in Canada. Osisko also owns a portfolio of investments in
publicly held resource companies, including a 32.4% interest in
Barkerville Gold Mines Ltd., 15.5% interest in Osisko Mining Inc.
and a 12.6% 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: |
Vincent
MetcalfeVice President, Investor RelationsTel. (514)
940-0670vmetcalfe@osiskogr.com |
Joseph de la
PlanteVice President, Corporate DevelopmentTel. (514)
940-0670jdelaplante@osiskogr.com |
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