Osisko Announces Filing of Preliminary Short Form Prospectus IN Connection with "Bought Deal" Financing of Debentures
OSISKO ANNOUNCES FILING OF PRELIMINARY SHORT FORM PROSPECTUS
IN CONNECTION WITH "BOUGHT DEAL" FINANCING OF DEBENTURES
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES
(Montréal, October 20, 2017) Osisko Gold Royalties Ltd (OR:TSX & NYSE) (the "Corporation"
or "Osisko") is pleased to announce that it has filed a preliminary short form prospectus in each
of the provinces of Canada and obtained a receipt from the Autorité des marchés financiers to
qualify the distribution of convertible senior unsecured debentures of the Corporation (the
"Debentures") in an aggregate principal amount of C$184 million (the "Public Offering"). The
Public Offering forms part of the larger offering by the Corporation of C$284 million aggregate
amount of Debentures, of which C$100 million aggregate principal amount of Debentures will be
offered on a private placement basis (the "Private Offering" ). The Private Offering m ay be
increased by up to an additional C$16 million aggregate principal amount 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, and will be convertible at the
holder's option into common shares in the capital of the Corporation ( "Common Shares") at a
conversion price equal to 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
Common Shares per C$1,000 principal amount of Debentures). In addition, the Debentures will
mature on December 31, 2022 and may be redeemed by Osisko, in certain circumstances, on
or after December 31, 2020.
Copies of the preliminary short form prospectus and d ocuments incorporated by reference
therein can be obtained on request from the Corporate Secretary of Osisko Gold Royalties Ltd
by sending a written request to 1100 avenue des Canadiens -de-Montréal, Suite 300, P.O. Box
211, Montréal, Québec, Canada, H3B 2S 2 (Telephone: (514) 940 -0670), and are available
electronically on SEDAR under Osisko's issuer profile at www.sedar.com.
The securities to be offered have not been and will not be registered under the U.S. Securities
Act of 1933 and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of such Act. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
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 Americ an focused
portfolio of over 130 royalties, streams and precious metal offtakes. Osisko' s portfolio is
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 15.7% 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
Forward-looking statements
This press release contains certain forward-looking statements with respect to Osisko. 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 st atements are not guarantees of performance. In this press release,
these forward-looking statements include information about current expectations of Osisko with respect to qualifying
the distribution of the Debentures and the Common Share s underlying such Debentures, the timing and ability of
Osisko to obtain a receipt for a final short form prospectus, the timing for qualifying the Debentures and the Common
Shares underlying such Debentures, the expected use of proceeds of the offering, and Osisko' s business operations,
business strategy and financial condition. 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 material assumptions that were applied in drawing a conclusion or
making a forecast or projection, including the ability of Osisko to successfully qualify the Debentures and the
Common Shares underlying such Debentures, to ability and timing of Osisko to obtain regulatory approvals,
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 its 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 thes e 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