Osisko Enters into an Agreement with Investissement Québec FOR a Non-Brokered Private Placement of $85 M
1
OSISKO ENTERS INTO AN AGREEMENT WITH INVESTISSEMENT
QUÉBEC FOR A NON-BROKERED PRIVATE PLACEMENT OF $85 M
Montréal, March 30, 2020 – Osisko Gold Royalties Ltd (the “ Company” or “ Osisko”) (OR: TSX &
NYSE) is pleased to announce that it has entered into an agreement with Investissement Québec, a
well known Québec institution and long-term supporter of Osisko, for a non-brokered private placement
of 7,727,273 common shares (the “Common Shares”) of the Company at a price of $11.00 per Common
Share (the “Private Placement”). After the closing of the Private Placement, Investissement Qu ébec
will hold 5.04% of the issued and outstanding shares of the Company.
The net proceeds from the P rivate Placement will be used for general working capital purposes. The
Private Placement is expected to close on or about April 1st, 2020 . It 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 applicable securities regulatory authorities. The Common Shares issued under
the Private Placement are subject to a four-month hold period from the date of issuance of the Common
Shares under applicable Canadian securities laws.
Sean Roosen, Chair and CEO stated: “ We are pleased to announce today’s financing with
Investissement Qu ébec who have shown significant confidence in our business model during
exceptionally volatile times. Investissement Qu ébec ha s been a partner since the early days of the
Osisko group and we welcome them onto the shareholder roster i n this more meaningful way. The
management and board of directors of Osisko felt it was prudent , in the wake of the C OVID-19
disruptions, to bolster our balance sheet to weather whatever volatility may still come. The Private
Placement also provides the Company with added flexibility for acquisitions of new royalties and
streams. Going forward we see the number of, and the quality of, possible royalty and streaming
transactions improving considerably.”
“Investissement Québec is proud to renew its commitment to Osisko, a Québec-based industry leader,
while providing it with the flexibility needed to overcome the challenges faced by business owners and
managers in the wake of the unprecedented COVID -19 crisis,” said Guy LeBlanc, President and CEO
of Investissement Québec.”
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 135
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 also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource
companies, including a 15.9% interest in Osisko Mining Inc., 17.9% interest in Osisko Metals
Incorporated and a 18.3% interest in Falco Resources Ltd.
Osisko’s head office is located at 1100 Avenue des Canadiens -de Montréal, Suite 300, Montréal,
Québec, H3B 2S2.
2
About Investissement Québec
The mission of Investissement Québec is to participate actively in Québec’s economic development by
stimulating business innovation, entrepreneurship and the growth of exports and investment in every
region of Québec. The Corporation provides enterprises and entrepreneurs with support services,
including technology-based measures, as well as adapted financial solutions and investments. Through
its Investissement Québec International division, the Corporation assists enterprises with exports and
prospects for foreign investments.
For further information, please contact Osisko Gold Royalties Ltd:
Sandeep Singh
President
Tel. (514) 940-0670
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 make
certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to
differ materially from tho se expressed or implied in these forward ‐looking statements. Forward ‐looking statements are not
guarantees of performance . Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”,
“estimate”, “continue”, or the n egative 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 wer e 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 believed to be appropriate in the c ircumstances. 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 inc orrect since they are subject to risks and uncertainties that
affect Osisko and its business . Such risks and uncertainties include, among others , risks relating to the Offering; volatility in
the trading price of Common Shares of the Company; risks relating to the ability of the Company to obtain required approvals,
complete definitive documentation and complete the Offering, the terms and duration of any government orders suspending or
limiting operations that are applicable to Osisko; the responses of rel evant governments to the COVID -19 outbreak and the
effectiveness of such responses.
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 statements set forth herein reflect Osisko’s expectations as at the
date of this press release and are 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.