Osisko Gold Royalties Confirms Closing and Commencement of Trading
16 Juni 2014 - 4:05PM
Marketwired
Osisko Gold Royalties Confirms Closing and Commencement of Trading
MONTREAL, QUEBEC--(Marketwired - Jun 16, 2014) - Osisko Gold
Royalties Ltd ("Osisko Gold Royalties") (TSX:OR) is pleased to
announce closing of its transaction with Agnico Eagle Mines Limited
("Agnico") and Yamana Gold Inc. ("Yamana") pursuant to a plan of
arrangement (the "Arrangement").
"Osisko Gold Royalties is pleased to be making its debut today,"
reported Sean Roosen, Chairman and Chief Executive Officer. "We are
pleased that Osisko shareholders have the unique opportunity to
continue to participate in the Canadian Malartic success story as
shareholders of Osisko Gold Royalties, a royalty company founded on
the strong platform of that asset."
The Arrangement
Under the Arrangement, each outstanding common share of Osisko
Mining Corporation ("Osisko") was exchanged for C$2.09 in cash,
0.07264 of a common share of Agnico Eagle, 0.26471 of a common
share of Yamana, and one common share (one tenth of a common share
on a consolidated basis) of Osisko Gold Royalties.
For Further Information
Securityholders are encouraged to read Osisko Mining
Corporation's management information circular dated May 1, 2014 for
full details of the Arrangement which was mailed to Osisko Mining
Corporation's Securityholders and is also available on Osisko
Mining Corporation's website at www.osisko.com or on SEDAR at
www.sedar.com.
Shareholders who have questions or who may need assistance with
the completion of letters of transmittal are advised to contact our
Information Agent, Laurel Hill Advisory Group at:
North American Toll Free: |
1-877-452-7184 |
Banks, Brokers or collect calls: |
416-304-2011 |
Email: |
assistance@laurelhill.com |
About Osisko Gold
Osisko Gold is the holder of a net smelter return royalty on the
Canadian Malartic Gold Mine in Malartic, Québec as well as royalty
and other interests in a number of exploration properties.
Forward-looking statements
Certain statements contained in this press release may be
deemed "forward-looking statements". All statements in this
release, other than statements of historical fact, that address
events or developments that Osisko Gold Royalties expects to occur,
are forward looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential",
"scheduled" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur including,
without limitation, the realization of all expected benefits of
this Arrangement, and the view on (i) the royalty interest in and
continued performance of the Canadian Malartic assets, (ii) the
quality and the potential of Osisko Gold Royalties' exploration and
mining assets, (iii) the value of consideration offered to Osisko
shareholders, and (iv) the potential of Osisko Gold Royalties.
Although Osisko Gold Royalties believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in
forward looking statements. Factors that could cause the actual
results to differ materially from those in forward-looking
statements include, gold prices, the Company's royalty interest,
access to skilled consultants, results of mining operation,
exploration and development activities, with production and
development stage mining operations, uninsured risks, regulatory
changes, defects in title, availability of personnel, materials and
equipment, timeliness of government or court approvals, actual
performance of facilities, equipment and processes relative to
specifications and expectations, unanticipated environmental
impacts on operations market prices, continued availability of
capital and financing and general economic, market or business
conditions. These factors are discussed in greater detail in the
management information circular of Osisko Mining Corporation and
its most recent Annual Information Form, which are filed on SEDAR
and also provide additional general assumptions in connection with
these statements. Osisko Gold Royalties cautions that the foregoing
list of important factors is not exhaustive. Investors and others
who base themselves on the forward looking statements contained
herein should carefully consider the above factors as well as the
uncertainties they represent and the risk they entail. Osisko Gold
Royalties believes that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this press release should
not be unduly relied upon. These statements speak only as of the
date of this press release. Osisko Gold Royalties undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, other than as required by applicable law.
John BurzynskiVice-President Corporate Development(416)
363-8653jburzynski@osiskogr.comSylvie Prud'hommeDirector of
Investor Relations(514) 940-0670sprudhomme@osiskogr.com
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