MONTREAL, QUEBEC – Royalties AurifAres Osisko Ltd. (TSX: OR) (NYSE: NC) ( “Osisko”) announces that it has subscribed to, and received Barkerville Gold Mines Ltd. (TSX VENTURE: BGM) (“Barkerville”), 11,333,054 units at a price of $ 0.95 per unit. Each unit consists of one common share (one “common share”) in the capital of Barkerville and one-half of one common share purchase warrant (each warrant, a “Warrant”) of Barkerville. Each warrant entitles the holder to acquire one common share at a price of $ 1.30 for a period of 18 months from the closing date of the private placement without a previously announced dealer “Private placement”).
Immediately prior to the closing of the private placement, Osisko held 116,372,506 common shares of Barkerville, representing approximately 34.7% of the issued and outstanding common shares of Barkerville. (I) 127,705,560 common shares of Barkerville, representing approximately 33.4% of the issued and outstanding common shares of Barkerville, and (Ii) 5,666,527 warrants. Assuming the exercise of the warrants, Osisko would own 133,372,087 common shares of Barkerville, representing approximately 34.4% of the issued and outstanding common shares of Barkerville.
Osisko has acquired the shares described in this press release for investment purposes and in compliance with applicable securities laws. Osisko may, from time to time and at any time, acquire additional shares and / or other interests, debt or other securities or instruments (collectively, the “Securities”) of Barkerville on the open market or otherwise and reserve The right to dispose of some or all of its securities on the open market or otherwise at any time and from time to time and to engage in such securities-related transactions in accordance with market, And Barkerville opportunities, and other relevant factors.
A copy of Osisko’s alert system statement in connection with the transaction described above will be available on SEDAR under the Barkerville Issuer profile. This press release is issued in accordance with the provisions of Canadian securities laws regarding reporting under the alert system.
About Osisko AurifAres Ltee
Royalties Osisko is a precious metal intermediate royalty company focused on the Americas, which began operations in June 2014. The Company owns more than 50 metal royalties and flows, including a 5% NSR royalty on the Canadian Malartic mine (Canada ), A 2.0-3.5% NSR royalty on the A�leonore mine (Canada) and a silver flow on the Gibraltar mine (Canada). The Company maintains a strong financial position and has distributed $ 35.1 million in dividends to its shareholders in the last ten quarters.
Osisko’s head office is located at 1100, avenue des Canadiens-de-Montreal, Suite 300, Montreal, Quebec, H3B 2S2.
Source: Charges AurifAres Osisko Ltd.