Early Warning News Release
April 23 2019 - 6:18PM
Osisko Gold Royalties Ltd (TSX & NYSE:OR) ("Osisko") announces
that it has subscribed for and received from Barkerville Gold Mines
Ltd. (TSXV:BGM) (“Barkerville”) 20,761,334 common shares at a price
of $0.36 per common share, for an aggregate subscription price of
$7,474,080.24 pursuant to a previously announced private placement
(the “Private Placement”). The Private Placement was
originally announced on March 27, 2019.
Immediately prior to the closing of the Private
Placement, Osisko held, directly or indirectly, (i) 162,864,251
common shares of Barkerville, and (ii) warrants entitling Osisko to
purchase 10,000,000 common shares of Barkerville (the
“Warrants”). Assuming the exercise of the Warrants, Osisko
would own 172,864,251 common shares, representing approximately
33.5% of Barkerville’s issued and outstanding common shares.
Immediately following the closing of the Private Placement, Osisko
owns, directly or indirectly, (i) 183,625,585 common shares,
representing approximately 32.7% of Barkerville’s issued and
outstanding common shares; and (ii) 10,000,000 Warrants.
Assuming the exercise of the Warrants, Osisko would own 193,625,585
common shares, representing approximately 33.8% of Barkerville’s
common shares that would be issued and outstanding.
Osisko acquired the Common Shares described in
this press release for investment purposes. 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
Barkerville 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
Barkerville and other relevant factors.
A copy of the early warning report to be filed
by Osisko in connection with the Private Placement described above
will be available on SEDAR under Barkerville’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 18.1% interest in Victoria Gold
Corp., a 22.7% interest in Falco Resources Ltd. and an 10.6%
interest in Osisko Metals Incorporated.
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
Ltd: |
Joseph de la PlanteVice
President, Corporate DevelopmentTel. (514)
940-0670jdelaplante@osiskogr.com |
|
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