Osisko enters into an agreement with investissement Québec for a non-brokered private placement of $85 M
(PresseBox) - Osisko Gold Royalties Ltd (the ?Company? or ?Osisko?) (OR: TSX & NYSE - https://www.commodity-tv.com/play/osisko-gold-royalties-corporate-update-with-new-president-sandeep-singh/ ) is pleased to announce that it has entered into an agreement with Investissement Qu
The net proceeds from the Private Placement will be used for general working capital purposes. The Private Placement is expected to close on or about
Sean Roosen, Chair and CEO stated: ?We are pleased to announce today?s financing with Investissement Qu of Osisko felt it was prudent, in the wake of the COVID-19 disruptions, to bolster our balance sheet to weather whatever volatility may still come. The Private Placement also provides the Company with added flexibility for acquisitions of new royalties and streams. Going forward we see the number of, and the quality of, possible royalty and streaming transactions improving considerably.?
?Investissement Qu
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. Osisko holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko?s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource companies, including a 15.9% interest in Osisko Mining Inc., 17.9% interest in Osisko Metals Incorporated and a 18.3% interest in Falco Resources Ltd.
Osisko?s head office is located at 1100 Avenue des Canadiens-de Montr
About Investissement Qu
The mission of Investissement Qu
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 Osisko 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.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 management?s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. Osisko considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko and its business. Such risks and uncertainties include, among others, risks relating to the Offering; volatility in the trading price of Common Shares of the Company; risks relating to the ability of the Company to obtain required approvals, complete definitive documentation and complete the Offering, the terms and duration of any government orders suspending or limiting operations that are applicable to Osisko; the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses.
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?r otherwise, other than as required by law.
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Datum: 31.03.2020 - 01:11 Uhr
Sprache: Deutsch
News-ID 1557161
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