Osisko Declares 19ᵗʰ Consecutive Quarterly Dividend
May 01 2019 - 8:37AM
Osisko Gold Royalties Ltd ("Osisko" or the "Company") (TSX:OR)
(NYSE:OR) is pleased to announce a second quarter 2019 dividend of
C$0.05 per common share. The dividend will be paid on July 15, 2019
to shareholders of record as of the close of business on
June 28, 2019.
For shareholders residing in the United States,
the U.S. dollar equivalent will be determined based on the daily
rate published by the Bank of Canada on June 28, 2019. This
dividend is an "eligible dividend" as defined in the Income Tax Act
(Canada).
The Company also wishes to remind its
shareholders that it has implemented a dividend reinvestment plan
(the “Plan”). Shareholders who are residents of Canada and the
United States may elect to participate in the Plan in connection
with the dividend to be paid on July 15, 2019 to shareholders on
record as of June 28, 2019. If a shareholder elects to participate
in the Plan, the Company will issue to the shareholder, in lieu of
a cash dividend, common shares from treasury at a 3% discount to
the weighted average price of the common shares during the five (5)
trading days immediately preceding the dividend payment date.
Participation in the Plan is optional and will not affect a
shareholders’ cash dividends if the shareholder elects not to
participate in the Plan. Quarterly dividends are only payable as
and when declared by Osisko’s Board of Directors.
A complete copy of the Plan and the enrolment
form are available on Osisko’s website at
http://osiskogr.com/en/dividends/drip/. Shareholders should
carefully read the complete text of the Plan before making any
decisions regarding their participation in the Plan.
Non-registered beneficial shareholders who wish
to participate in the Plan should contact their financial advisor,
broker, investment dealer, bank or other financial institution that
holds their common shares to inquire about the applicable enrolment
deadline and to request enrolment in the Plan. For more information
on how to enroll or any other inquiries, contact the Agent at
1-800-387-0825 (toll-free in Canada) or
inquiries@canstockta.com.
Participation in the Plan does not relieve
shareholders of any liability for taxes that may be payable in
respect of dividends that are reinvested in common shares under the
Plan. Shareholders should consult their tax advisors concerning the
tax implications of their participation in the Plan having regard
to their particular circumstances.
This press release is not an offer or a
solicitation of an offer of securities.
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.
Forward-looking statements
Certain statements contained in this press
release may be deemed "forward-looking statements" within the
meaning of applicable Canadian and U.S. securities laws. These
forward-looking statements, by their nature, require the Company to
make certain assumptions and necessarily involve known and unknown
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in these forward-looking
statements. Forward-looking statements are not guarantees of
performance. In this news release, these forward-looking statements
may involve, but are not limited to, comments with respect to the
directors and officers of the Company, information pertaining to
the fact that all conditions for payment of the dividend will be
met and that such dividend will continue to be an “eligible
dividend” as defined in the Income Tax Act (Canada). Words such as
"may", "will", "would", "could", "expect", "believe", "plan",
"anticipate", "intend", "estimate", "continue", or the negative or
comparable terminology, as well as terms usually used in the future
and the conditional, are intended to identify forward-looking
statements. Information contained in forward-looking statements is
based upon certain material assumptions that were applied in
drawing a conclusion or making a forecast or projection, including
that the financial situation of the Company will remain favourable.
The Company considers its assumptions to be reasonable based on
information currently available, but cautions the reader that its
assumptions regarding future events, many of which are beyond the
control of the Company, may ultimately prove to be incorrect since
they are subject to risks and uncertainties that affect the Company
and its business.
For additional information with respect to these
and other factors and assumptions underlying the forward-looking
statements made in this press release, see the section entitled
“Risk Factors” in the most recent Annual Information Form of Osisko
which is filed with the Canadian securities commissions and
available electronically under Osisko’s issuer profile on SEDAR at
www.sedar.com and with the U.S. Securities and Exchange Commission
and available electronically under Osisko’s issuer profile on EDGAR
at www.sec.gov. The forward-looking information set forth herein
reflects Osisko’s expectations as at the date of this press release
and is subject to change after such date. Osisko disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, other than as required by law.
For further information, please contact
Osisko Gold Royalties Ltd:
Joseph de la PlanteVice President, Corporate
DevelopmentTel. (514)
940-0670jdelaplante@osiskogr.com
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