Osisko Shareholders Overwhelmingly Approve Orion Transaction
OSISKO SHAREHOLDERS OVERWHELMINGLY APPROVE
ORION TRANSACTION
(Montréal, July 31, 2017) Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX
& NYSE) is pleased to announce that its shareholders have overwhelmingly approved at
99.6% the issua nce of shares required to complete the acquisition of the Orion portfolio
consisting of 74 royalties, streams, and precious metal offtakes at the Special Meeting of
Shareholders held today in Montréal. Approximately 76.8% of the shares outstanding at the
record date of June 19, 2017, were represented in person or by proxy at the meeting.
Sean Roosen, Chair of the Board of Directors and Chief Executive Officer, commenting on the
results of the Meeting of Shareholders: “We are extremely grateful for the strong support for
our transformational transaction with Orion which, we believe, will deliver great returns for our
shareholders”.
The resolution approved by disinterested shareholders authorizes the Corporation to issue a
total of 50,179,414 shares, includi ng 30,906,594 shares to Orion Mine Finance as part of the
consideration for the acquisition, and 19,272,820 shares as part of private placement to the
Caisse de dépôt et placement du Québec and the Fonds de solidarité FTQ at a price of $14.56
to partially fund the cash consideration of the acquisition.
The transaction is expected to close later today.
About Osisko
Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the
Americas that commenced activities in June 2014. Prior to the Transaction announced on June
5, 2017, it held over 50 royalties and one stream, including a 5% NSR royalty on the Canadian
Malartic Mine (Canada), a 2.0% to 3.5% sliding scale NSR royalty on the Éléonore Mine
(Canada) and a silver stream on the Gibraltar mine (Canada). Osisko also owns a portfolio of
publicly held resource companies, including a 15.3% interest in Osisko Mining Inc., 14.7% in
Osisko Metals Ltd., 13.3% in Falco Resources Ltd. and 33.4% in Barkerville Gold Mines Ltd.
Osisko’s head o ffice is located at 1100 Avenue des Canadiens -de-Montréal, Suite 300,
Montréal, Québec, H3B 2S2. For more information, visit osiskogr.com.
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For further information please contact, Osisko Gold Royalties:
Vincent Metcalfe
Vice President, Investor Relations
Tel. (514) 940-0670
Joseph de la Plante
Vice President, Corporate Development
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 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, the performance of the assets of Osisko, the realization of the anticipated benefits deriving
from Osisko’s acquisition of the Orion Portfolio. 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 t he
future and the co nditional, 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 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 curr ently 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 EDGA R 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-lo oking statements, whether as a result of new information, future events or otherwise, other than as
required by law.
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