Early Warning News Release
March 21 2019 - 5:00PM
Osisko Gold Royalties Ltd (TSX & NYSE:OR)
(“
Osisko”) announces today that, pursuant to the
terms of a private share purchase agreement completed on
March 20, 2019, Osisko acquired direct ownership of an
aggregate of 1,214,286 common shares of Harfang Exploration Inc.
(TSXV:HAR) (“
Harfang”) at a price of $0.206 per
common share of Harfang (the “
Transaction”).
Immediately prior to the closing of the
Transaction, Osisko held, directly or indirectly, 5,000,000 common
shares of Harfang, representing approximately 15.7% of Harfang’s
common shares prior to the closing.
Immediately following the closing of the
Transaction, Osisko owns, directly or indirectly, 6,214,286 common
shares of Harfang representing approximately 16.8% of the issued
and outstanding common shares of Harfang.
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 Harfang 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 Harfang 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 Harfang’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., a 22.7% interest in Falco Resources Ltd. and a
15.34% interest in Victoria Gold Corp.
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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