Statement”). The Securities were received in exchange for 5,000,000 common shares of privately-
EARLY WARNING NEWS RELEASE
(Montréal, June 27, 2017) Osisko Gold Royalties Ltd (TSX & NYSE:OR) (“Osisko”) announces
that it has received from Harfang Exploration Inc. (formerly RedQuest Capital Corp.) (“ Harfang”)
5,000,000 common shares of Harfang (the “Securities”), representing approximately 17.83% of the
issued and outstanding common shares of Harfang on an undiluted basis in connection with a
qualifying t ransaction described in Harfang ’s filing statement dated June 14, 2017 (the “ Filing
Statement”). The Securities were received in exchange for 5,000,000 common shares of privately-
held Ménarik Exploration Inc. (formerly Harfang Exploration Inc.), as described in the Filing
Statement.
The Securities are subject to a TSX Venture Exchange Tier 2 Value Secur ity Escrow Agreement
(the “Escrow Agreement”). Upon release of the Securities from escrow pursuant to the terms of the
Escrow Agreement, Osisko may dispose of the Securities 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 of Harfang 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 Harfang and other relevant factors
A copy of the early warning report to be filed by Osisko wi ll be available on SEDAR under
Harfang’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 foc used 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
Éléonore Mine (Canada) and a silver stream on the Gibr altar 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-Montréal, Suite 300, Montréal,
Québec, H3B 2S2.
For further information please contact:
Vincent Metcalfe
Vice President, Investor Relations
Tel. (514) 940-0670
Joseph de la Plante
Vice President, Corporate Development
Tel. (514) 940-0670
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