Investissement Québec Invests C$16 Million IN Osisko GOLD Royalties
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INVESTISSEMENT QUÉBEC INVESTS C$16 MILLION IN OSISKO GOLD ROYALTIES
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES
(Montréal, October 26, 2017) Osisko Gold Royalties Ltd (the "Company" or "Osisko") (TSX & NYSE:
OR) is pleased to announce that , in connection with its previously announced C$284 million offering
(the “Offering”) of convertible senior unsecured debentures (the “Debentures“) which consists of a
public offering and a private placement , the und erwriters have exercised their option to increase the
size of the private placement of Debentures (the “Private Offering”) by C$16 million, for total gross
proceeds from the Offering of C$300 million.
As a result, Osisko is pleased to announce that Ressources Québec inc., a wholly -owned subsidiary
of Investissement Québec, has committed to purchase C$16 million of Debentures through the Private
Offering on the same terms and conditions as the C$184 million public offering of Debentures.
The Debentures will bear interest at a rate of 4.00% per annum, payable semi -annually on June 30
and December 31 each year, commencing on June 30, 2018. The Debentures will be convertible at
the holder’s option into Osisko common shares at a conversion price of C$22.89 per common share
(representing a conversion premium of approximately 40% to the reference price of C$16.35 and a
conversion rate of 43.6872 Osisko common shares per C$1,000 principal amount of debentures). The
Debentures will mature on December 31, 2022 and may be redeemed by Osisko, in certain
circumstances, on or after December 31, 2020.
The net proceeds from the Offering will be used to fund the acquisition of precious metal royalties and
streams, working capital, and general corporate purposes.
About Investissement Québec
Investissement Québec's mission is to foster the growth of investment in Québec, thereby contributing
to economic development and job creation in every region. The Corporation offers businesses a full
range of financial solutions, i ncluding loans, loan guarantees and equity investments, to support them
at all stages of their development. It is also responsible for administering tax measures and
prospecting for foreign investment.
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 130
royalties, streams and precious metal offtakes. Osisko' s portfolio i s anchored by five cornerstone
assets, including a 5% NSR royalty on the Canadian Malartic mine, which is the largest gold mine in
Canada. Osisko also owns a portfolio of publicly held resource companies, including a 15.6% interest
in Osisko Mining Inc., a 12.8% interest in Osisko Metals Incorporated, a 13.3% interest in Falco
Resources Ltd. and a 32.8% interest in Barkerville Gold Mines Ltd.
Osisko's head office is located at 1100 Avenue des Canadiens -de Montréal, Suite 300, Montréal,
Québec, H3B 2S2
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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 m ake
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. These forward ‐looking statements, may involve, but are not limited to, comments with respect to
the directors and officers of Osisko. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”,
“intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as terms usually used in the future and
the conditional, are intended to identify forward ‐looking statements. Information contained in forward ‐looking statements is
based upon certain m aterial 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 believe d 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.
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‐ 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 Gold Royalties Ltd.:
Vincent Metcalfe
Vice President, Investor Relations
Tel. (514) 940-0670
Joseph de la Plante
Vice President, Corporate Development
Tel. (514) 940-0670