MONTRÉAL, QUÉBEC--(Marketwired - June 30, 2017) - Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) ("Osisko" or the "Company") is pleased to announce that it has filed a management information circular (the "Circular") and related proxy materials with the Canadian securities regulators and U.S. Securities and Exchange Commission in advance of its special meeting of shareholders (the "Meeting").
BACKGROUND
On June 5, 2017, Osisko announced that it has entered into a definitive agreement with Orion Mine Finance Group ("Orion") to acquire a high-quality precious metals portfolio of assets consisting of 74 royalties, streams and precious metal offtakes for total consideration of C$1.125 billion, creating a growth-oriented, world class and gold-focused royalty and streaming company (the "Transaction").
The combination of Osisko's and Orion's portfolios will result in Osisko holding a total of 131 royalties, streams and precious metal offtakes, including 16 revenue-generating assets. The Company's cornerstone assets remain the 5% net smelter return ("NSR") royalty on the world class and long-life Canadian Malartic gold mine (Canada's largest producing gold mine) and its 2.0% to 3.5% sliding scale NSR royalty on the world class Éléonore gold mine. Through the Transaction, Osisko will gain a 9.6% diamond stream on the Renard diamond mine and a 4% gold and silver stream on the Brucejack gold and silver mine, all of which are new high-quality mines in Canada, in addition to a 100% silver stream on the substantial Mantos Blancos copper mine in Chile. Certain assets in the Orion portfolio are subject to buyback and buydown provisions.
Sean Roosen, Chair and CEO of Osisko, commented: "We are very pleased to file our management information circular in connection with Osisko's acquisition of the Orion portfolio. Osisko's Board of Directors and management team invites all shareholders to vote IN FAVOUR of this transformational transaction".
Shareholders of record on June 19, 2017, being the record date for the Meeting, will receive notice of and be entitled to vote at the Meeting. The Circular, which provides important information about the Transaction as well as information concerning Osisko and Orion, is now being mailed to shareholders of Osisko.
OSISKO SPECIAL MEETING
The special meeting of shareholders of Osisko is scheduled to be held at 9:00 a.m. (Montréal time) on Monday, July 31, 2017 at the offices of Lavery, de Billy, L.L.P. located at 1 Place Ville Marie, Suite 4000, Montréal, Québec, Canada, H3B 4M4.
Your vote is important regardless of the number of shares you own. Osisko encourages shareholders to read the meeting materials in detail. An electronic copy of the Circular is available on Osisko's website at www.osiskogr.com. It will also be available under Osisko's issuer profiles on SEDAR at www.sedar.com and EDGAR at www.sec.gov.
| YOUR VOTE IS IMPORTANT. VOTE TODAY. |
| Osisko's Board of Directors and Management UNANIMOUSLY recommend that Shareholders vote IN FAVOUR of the Transaction. |
HOW TO VOTE
Due to essence of time, shareholders are encouraged to vote today using the internet, telephone or facsimile.
Registered shareholders of Osisko
Registered shareholders may vote by:
- Internet: www.cstvotemyproxy.com
- Telephone: 1-888-489-7352 (North American Toll Free)
- Facsimile: 1-866-781-3111 (North American Toll Free) or 416-368-2502 (outside North America)
- Mail: 2001 Robert-Bourassa Blvd., Suite 1600, Montréal, Quebec, H3A 2A6, or by courier at 2001 Robert-Bourassa Blvd., Suite 1600, Montréal, Quebec, H3A 2A6
- Attending the meeting in person: 1 Place Ville Marie, Suite 4000, Montréal, Québec
Non-registered shareholders of Osisko
Shareholders who hold shares of Osisko through a bank or other intermediary will have different voting instructions. In most cases, non-registered shareholders will receive a voting instruction form as part of the meeting materials. Non-registered shareholders are encouraged to carefully follow the instructions found therein, on how to submit their votes.
SHAREHOLDERS QUESTIONS
Shareholders of Osisko who have questions regarding the Transaction or require assistance with voting may contact Laurel Hill Advisory Group, the proxy solicitation agent, by telephone or email as set forth below.
Laurel Hill Advisory Group
By telephone (North American Toll Free) at: 1-877-452-7184
By telephone (Collect Outside North America) at: +1-416-304-0211
By email at: This email address is being protected from spambots. You need JavaScript enabled to view it.
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. 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). It maintains a strong financial position with cash resources of C$423.6 million at March 31, 2017 and has distributed C$35.1 million in dividends to its shareholders during the past ten consecutive quarters. Osisko also owns a portfolio of publicly held resource companies, including a 15.4% interest in Osisko Mining Inc., 13.3% in Falco Resources Ltd. and 33.4% in Barkerville Gold Mines Ltd.
Osisko's head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2. For more information, visit www.osiskogr.com.
