Early Warning News Release
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 05/18/17 -- Osisko Gold Royalties Ltd (TSX: OR)(NYSE: OR) ("Osisko") announces that it has subscribed for and received from Barkerville Gold Mines Ltd. (TSX VENTURE: BGM) ("Barkerville") 11,333,054 units ("Units") at a price of $0.95 per Unit. Each Unit is comprised on one common share ("Common Share") in the share capital of Barkerville and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant") of Barkerville. Each Warrant entitles the holder to acquire one Common Share at a purchase price of $1.30 for a period of 18 months from the closing of the previously announced non-brokered private placement (the "Private Placement"). The Private Placement was announced on April 27, 2017.
Immediately prior to the closing of the Private Placement, Osisko held 116,372,506 common shares of Barkerville, representing approximately 34.7% of Barkeville''s issued and outstanding common shares. Immediately following the closing of the Private Placement, Osisko owns, beneficial ownership of, or control and direction over (i) 127,705,560 common shares of Barkerville, representing approximately 33.4% of Barkerville''s issued and outstanding common shares; and (ii) 5,666,527 Warrants. Assuming the exercise of the Warrants, Osisko would own 133,372,087 common shares of Barkerville, representing approximately 34.4% of Barkerville''s 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 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 is an intermediate precious metal royalty and stream company focused on the Americas that commenced activities in June 2014. It holds over 50 royalties and streams, including a 5% NSR royalty on the Canadian Malartic Mine (Canada), a 2.0% to 3.5% NSR royalty on the Eleonore Mine (Canada) and a silver stream on the Gibraltar Mine (Canada). It maintains a strong financial position and has distributed $35.1 million in dividends to its shareholders during the past ten consecutive quarters.
Osisko''s head office is located at 1100 avenue des Canadiens-de-Montreal, Suite 300, Montreal, Quebec, H3B 2S2.
Contacts:
Vincent Metcalfe
Vice President, Investor Relations
(514) 940-0670
Joseph de la Plante
Vice President, Corporate Development
(514) 940-0670
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Datum: 18.05.2017 - 14:15 Uhr
Sprache: Deutsch
News-ID 1505009
Anzahl Zeichen: 3487
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MONTREAL, QUEBEC
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Kategorie:
Mining & Metals
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