Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

Osisko Enters Into $10 Million Secured Senior Loan Agreement With Falco Resources

 

 

 

 

 

Osisko Gold Royalties Ltd (TSX:OR) (NYSE: OR) is pleased to announce that it has entered into an agreement to provide Falco Resources Ltd. (TSX-V: FPC) with a secured senior C$10 million loan to Falco.

 

 

Under the terms of the secured senior loan agreement, Osisko has provided Falco with a C$10 million loan. The loan has a maturity date of December 31, 2018 and interest shall be payable on the Principal Amount at a rate per annum that is equal to 7%, compounded quarterly. Accrued interest shall be payable upon repayment of the Principal Amount.

 

 

The Principal Amount shall be repaid on the earliest of the closing date of the stream transaction among Osisko and Falco announced on June 18, 2018, or December 31, 2018.

 

 

The loan will be used for the advancement of Falco’s Horne 5 Project and for general corporate purposes.

 

 

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 130 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by five cornerstone assets, including a 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 15.5% interest in Osisko Mining Inc., a 12.6% interest in Falco Resources Ltd. and a 32.4% in Barkerville Gold Mines Ltd.

 

Posted September 11, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

MORE or "UNCATEGORIZED"


51% IRR from PEA at TriStar Gold’s Castelo de Sonhos Project

On behalf of TriStar Gold Inc. (TSX-V: TSG), GE21 Consultoria Min... READ MORE

November 16, 2018

Colorado Defines Gold-Copper Mineralization Over 500 m Strike Length at Tami

Colorado Resources Ltd. (TSX-V: CXO) is pleased to announce compl... READ MORE

November 16, 2018

Macarthur Minerals Closes Oversubscribed Private Placement

Macarthur Minerals Limited (TSX-V: MMS) is pleased to announce it... READ MORE

November 16, 2018

Blue Sky Uranium Reports over 1% U3O8 and 0.1% V205 in Pit Sampling Adjacent to Ivana Uranium-Vanadium Deposit

Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF) is p... READ MORE

November 15, 2018

White Gold Corp. Drills 103.9 g/t Gold & 400.0 g/t Silver over 1.52m from Surface within a Broader Intercept of 31.4 g/t Gold over 6.1m and Identifies New High-Grade Gold Zones at Vertigo Target on JP Ross Property

White Gold Corp. (TSX-V: WGO) (OTC – Nasdaq Intl: WHGOF) (FRA: ... READ MORE

November 15, 2018

Copyright 2018 The Prospector News - Site design by Spyderbaby Productions