Osisko Closes US$250,170,000 Bought Deal Financing
31 März 2022 - 3:01PM
Osisko Gold Royalties Ltd ("Osisko" or the "Company") (TSX &
NYSE: OR) is pleased to announce that it has closed its previously
announced bought deal public offering of 18,600,000 common shares
of the Company ("Common Shares") at a price of US$13.45 per Common
Share (the "Offering Price") for total gross proceeds of
US$250,170,000 (the "Offering"). The Company has also granted the
underwriters an over-allotment option, exercisable in whole or in
part in the sole discretion of the underwriters at any time up to
30 days from and including March 31, 2022, to purchase up to an
additional 2,790,000 Common Shares, at the Offering Price, to cover
over-allocations.
The Common Shares were sold pursuant to an
underwriting agreement dated March 18, 2022, among the Company,
Eight Capital and RBC Capital Markets, together with BMO Nesbitt
Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp.,
CIBC World Markets Inc., Scotia Capital Inc., Credit Suisse
Securities (Canada), Inc., iA Private Wealth Inc., TD Securities
Inc., Desjardins Securities Inc., Cormark Securities Inc., Haywood
Securities Inc., Paradigm Capital Inc., Raymond James Ltd., Stifel
Nicolaus Canada Inc., and PI Financial Corp.
Osisko plans to use the net proceeds from the
Offering for general corporate purposes, including funding resource
royalty and stream acquisitions, the potential repayment, from time
to time, of amounts drawn under the Company's revolving credit
facility and other corporate development opportunities.
The Common Shares issued under the Offering were
offered by way of a short form prospectus in all of the provinces
of Canada and a registration statement on Form F-10 in the United
States under the multi-jurisdictional disclosure system adopted by
the United States and Canada. Copies of the final short form
prospectus and documents incorporated therein are available
electronically under Osisko's issuer profile on SEDAR at
www.sedar.com. A copy of the registration statement on Form F-10,
including the documents incorporated by reference therein, can be
found on EDGAR at www.sec.gov.
About Osisko
Gold Royalties
Ltd
Osisko 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 160
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's head office is located at 1100 Avenue
des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B
2S2.
Forward-Looking
Information
Certain statements made in this press release
may constitute forward-looking information or forward-looking
statements (together, "forward-looking statements") within the
meaning of applicable Canadian securities laws and the United
States Private Securities Litigation Reform Act of 1995. All
statements in this release, other than statements of historical
fact, including the use of proceeds of the Offering, are
forward-looking statements, as they involve implied assessment,
based on certain estimates and assumptions. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "is
expected" "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential", "scheduled" and similar
expressions or variations (including negative variations of such
words and phrases), or may be identified by statements to the
effect that certain actions, events or conditions "will", "would",
"may", "could" or "should" occur. Although Osisko believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements involve known and
unknown risks, uncertainties and other factors and are not
guarantees of future performance and actual results may accordingly
differ materially from those in forward-looking statements.
The forward-looking statements contained in this
press release are based upon assumptions management believes to be
reasonable. However, there can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Investors are cautioned that forward-looking statements
are not guarantees of future performance. Osisko cannot assure
investors that actual results will be consistent with these
forward-looking statements and investors should not place undue
reliance on forward-looking statements due to the inherent
uncertainty therein. 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 (the "AIF") 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 on EDGAR at www.sec.gov. Osisko
cautions that the list of risk factors and uncertainties described
in the AIF is not exhaustive and other factors could also adversely
affect its results. Readers are urged to consider the risks,
uncertainties and assumptions carefully in evaluating the
forward-looking information and are cautioned not to place undue
reliance on such information. 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:
Heather TaylorVice President, Investor Relations Tel: (514)
940-0670 #105
Email: htaylor@osiskogr.com
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