04:44:54 EDT Sat 20 Apr 2019
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Osisko Gold Royalties Ltd
Symbol C : OR
Shares Issued 156,257,965
Recent Sedar Documents

Osisko Gold completes Falco debenture conversion

2018-11-30 17:15 ET - News Release

Also News Release (C-FPC) Falco Resources Ltd

Mr. Joseph de la Plante of Osisko reports


Osisko Gold Royalties Ltd. has completed the previously announced conversion of a secured debenture having a principal amount of $7-million purchased from Falco Resources Ltd. into 12,104,444 units of Falco, with each unit comprising one common share of Falco and one-half common share purchase warrant of Falco.

Immediately prior to the conversion, Osisko had beneficial ownership of, or control and direction over, (i) 23,927,005 common shares, representing approximately 12.6 per cent of the issued and outstanding common shares, and (ii) 1,550,500 warrants. Immediately following the conversion, Osisko has beneficial ownership of, or control and direction over, (i) 36,031,449 common shares, representing approximately 17.8 per cent of the issued and outstanding common shares, and (ii) 7,602,722 warrants. Assuming the exercise of the warrants, including the warrants issued upon the conversion, Osisko would have beneficial ownership of, or control and direction over, 43,634,171 common shares, representing approximately 20.8 per cent of the common shares issued and outstanding.

Osisko acquired the units and the common shares and warrants underlying the units for investment purposes and in accordance with applicable securities laws, Osisko may, from time to time and at any time, acquire additional common shares and/or other equity, debt or other securities or instruments of Falco in the open market or otherwise, and reserves the right to dispose of any or all of its securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of Falco, and other relevant factors.

This news release is issued under the early warning provisions of the Canadian securities legislation. A copy of the early warning report to be filed by Osisko in connection with the conversion described above will be available on SEDAR under Falco's profile.

About Osisko Gold Royalties Ltd.

Osisko Gold Royalties is an intermediate precious metal royalty company that holds a North American-focused portfolio of over 130 royalties, streams and precious metal off-takes.

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