Osisko Announces US$250,170,000 Bought Deal Financing
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OSISKO ANNOUNCES US$250,170,000 BOUGHT DEAL FINANCING
MONTREAL, March 17, 2022 – Osisko Gold Royalties Ltd ("Osisko" or the "Company") (TSX &
NYSE: OR) is pleased to announce that it has entered into an agreement with Eight Capital and
RBC Capital Markets on behalf of the syndicate of underwriters (the "Underwriters"), pursuant to
which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of
18,600,000 common shares of Osisko ("Common Shares") at an offering price of US$13.45 per
Common Share (the "Offering Price") for total gross proceeds to the Company of US$250,170,000
(the "Offering"). Amounts are in U.S. dollars unless otherwise noted.
The Company has granted the Underwriters an over-allotment option, exercisable at any time up
to 30 days from and including the date of closing of the Offering, to purchase up to 2,790,000
Common Shares, at the Offering Price (the "Over-Allotment Option").
The Common Shares will be 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. A preliminary short
form prospectus and a registration statement on Form F -10 relating to th e Offering have been
filed with Canadian securities regulatory authorities and the U.S. Securities and Exchange
Commission (the "SEC"), respectively.
The Company 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 Offering is anticipated to close on or about March 31, 2022 and is subject to certain conditions
including, but not limited to, the receipt of all necessary approvals including the approval of the
Toronto Stock Exchange and the New York Stock Exchange and the applicable securities
regulatory authorities.
No securities regulatory authority has either approved or disapproved of the contents of this news
release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any j urisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the securities laws of that
jurisdiction.
The Company has filed a registration statement (including a prospectus) with the SEC for the
Offering that has not yet become effective. The Common Shares to be sold in the Offering
described in this document may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. Before readers invest, they sh ould read the
prospectus in that registration statement and other documents the Company has filed with the
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SEC for more complete information about the Company and the Offering. The Company has also
filed a preliminary short f orm prospectus relating to the Offering with each of the provincial
securities regulatory authorities in Canada. Potential investors may get any of these documents
for free by visiting EDGAR on the SEC website at www.sec.gov or, when such documents become
available, via SEDAR at www.sed ar.com. Alternatively, the Company, any underwriter or any
dealer participating in the Offering will arrange to send potential investors the prospectus without
charge from Eight Capital, Attention: Equity Capital Markets, by telephone at (647) 265-8217, or
by email at [email protected], from RBC Capital Markets, LLC in the U.S., Attention: Equity
Syndicate, by telephone at (877) 822-4089, or by email at [email protected], or from
RBC Dominion Securities Inc. in Canada, Attention: Distribution Center, by telephone at (416)
842-5349, or by email at [email protected]
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 anc hored 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 Un ited States Private Securities
Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, including the anticipated financial
and other impacts of the Offering and the anticipated completion 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 tha t 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. Investo rs 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 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 u rged 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 Osis ko's expectations as at the
date of this press release and is subject to change a fter 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.
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For further information please contact, please contact Osisko:
Heather Taylor
Vice President, Investor Relations
Tel: (514) 940-0670 #105
Email: [email protected]