Osisko Gold Royalties Ltd (TSX:OR) (NYSE:OR) is pleased to announce, further to its press release dated March 30th 2020, that the Company has completed a private placement of 7,727,273 common shares at a price of $11.00 per Common Share for total gross proceeds of $85,000,003 with Investissement Québec.
The net proceeds from the Private Placement will be used for general working capital purposes. The Common Shares issued under the Private Placement are subject to a four-month hold period from the date of issuance of the Common Shares under applicable Canadian securities laws.
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 135 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. Osisko also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource companies, including a 15.9% interest in Osisko Mining Inc., 17.9% interest in Osisko Metals Incorporated and a 18.3% interest in Falco Resources Ltd.
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