Early Warning Release
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EARLY WARNING RELEASE
(Montréal, September 19, 2019) Osisko Gold Royalties Ltd (TSX & NYSE:OR) (“Osisko”) announces
that it has subscribed for and received from Unigold Inc. (TSXV:UGD) (“Unigold”) 1,500,000 units (the
“Units”) of Unigold for a price of $0.10 per Unit by way of a non-brokered private placement of Unigold,
for an aggregate subscription price of $150,000 (the “Private Placement”).
Each Unit is comprised of one (1) common share of Unigold (the “Share”) and one-half of one common
share purchase warrant of Unigold (the “Warrant”) entitling the holder to purchase one (1) additional
common share of Unigold at a price of $0. 15 per common share until the date that is the earlier of: (i)
two years following the date of issue, or (ii) 30 days after the date on which Unigold gives notice of
acceleration, which notice may be provided no earlier than four months and twenty -one days from the
date of issue if the closing price of the common shares on a stock exchange in Canada is higher than
$0.30 per common share for more than 20 consecutive trading days.
Immediately prior to the closing of the Private Placement, Osisko held, directly or indirectly, 6,728,000
common shares of Unigold, representing approximately 14.7%. Immediately following the closing of the
Private Placement, Osisko owns, beneficial ownership of, or control and direction over:
(a) 8,228,000 common shares, representing approximately 10. 5% of Unigold’s issued and
outstanding common shares;
(b) 750,000 Warrants representing, together with the 8,228,000 Shares, approximately
11.4% of the number of Unigold’s issued and outstanding common shares on a partially
diluted basis (assuming only the exercise of the 750,000 Warrants held by Osisko).
Osisko acquired the securitie s described in this press release for investment purposes and in
accordance with applicable securities laws, Osisko may, from time to time and at any time, acquire
additional Common Shares and/or other equity, debt or other securities or instruments (collectively,
“Securities”) of Unigold in the open market or otherwise, and reserves the right to dispose of any or all
of its Securities in the open market or otherwise at any time and from time to time, and to engage in
similar transactions with respect to the Securities, the whole depending on market conditions, the
business and prospects of Unigold and other relevant factors.
A copy of the early warning report to be filed by Osisko in connection with the Private Placement
described above will be available on SEDAR under Unigold’s profile. This news release is issued under
the early warning provisions of the Canadian securities legislation.
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About Osisko Gold Royalties Ltd
Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that holds a North American focused
portfolio of over 135 royalties, streams and precious metal offtakes. Osisko's portfolio is anchored by its 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 32. 6% interest in Barkerville Gold Mines Ltd., a 16. 4% interest in
Osisko Mining Inc. and a 19.9% interest in Falco Resources Ltd.
Osisko is incorporated under the laws of the Province of Québec, with its head office located at 1100 avenue des
Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.
For further information, please contact Osisko Gold Royalties Ltd:
Joseph de la Plante
Vice President, Corporate Development
Tel. (514) 940-0670