The Prospector News

Osisko Closes US$250,170,000 Bought Deal Financing

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Osisko Closes US$250,170,000 Bought Deal Financing

 

 

 

 

 

Osisko Gold Royalties Ltd (TSX:OR) (NYSE: OR) is pleased to announce that it has closed its previously announced bought deal public offering of 18,600,000 common shares of the Company at a price of US$13.45 per Common Share for total gross proceeds of US$250,170,000. The Company has also granted the underwriters an over-allotment option, exercisable in whole or in part in the sole discretion of the underwriters at any time up to 30 days from and including March 31, 2022, to purchase up to an additional 2,790,000 Common Shares, at the Offering Price, to cover over-allocations.

 

The Common Shares were sold pursuant to an underwriting agreement dated March 18, 2022, among the Company, Eight Capital and RBC Capital Markets, together with BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., Scotia Capital Inc., Credit Suisse Securities (Canada), Inc., iA Private Wealth Inc., TD Securities Inc., Desjardins Securities Inc., Cormark Securities Inc., Haywood Securities Inc., Paradigm Capital Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc., and PI Financial Corp.

 

Osisko plans to use the net proceeds from the Offering for general corporate purposes, including funding resource royalty and stream acquisitions, the potential repayment, from time to time, of amounts drawn under the Company’s revolving credit facility and other corporate development opportunities.

 

The Common Shares issued under the Offering were offered by way of a short form prospectus in all of the provinces of Canada and a registration statement on Form F-10 in the United States under the multi-jurisdictional disclosure system adopted by the United States and Canada. Copies of the final short form prospectus and documents incorporated therein are available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com. A copy of the registration statement on Form F-10, including the documents incorporated by reference therein, can be found on EDGAR at www.sec.gov.

 

About Osisko Gold Royalties Ltd

 

Osisko 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 160 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.

 

Posted March 31, 2022

Share this news article

MORE or "UNCATEGORIZED"


Red Pine Discovers Significant Gold Mineralization in Faulted Extension of the Jubilee Shear on the Wawa Gold Project

Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) is pleased ... READ MORE

October 31, 2024

F3 Announces Closing of Private Placement for Aggregate Gross Proceeds of C$8 Million

F3 Uranium Corp. (TSX-V: FUU) (OTC Pink: FUUFF) is pleased to ann... READ MORE

October 31, 2024

Collective Mining Announces Closing of Concurrent Financings for Gross Proceeds of C$46.35 Million

Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) is pleased to ann... READ MORE

October 31, 2024

ARIS MINING ANNOUNCES CLOSING OF US$450 MILLION SENIOR NOTES OFFERING TO FUND REDEMPTION OF OUTSTANDING 6.875% SENIOR NOTES

Aris Mining Corporation  (TSX: ARIS) (NYSE-A: ARMN) announces t... READ MORE

October 31, 2024

Rare Element Resources Receives Final Approval Required to Commence Operations of Rare Earth Demonstration Plant in Wyoming

Staffing in place and operations shakedown underway Rare E... READ MORE

October 31, 2024

Copyright 2024 The Prospector News