MONTRÉAL, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (TSX & NYSE:OR) (“Osisko”) announces that it has purchased and received from Minera Alamos Inc. (MAI.V) (“Minera Alamos”), 30,000,000 common shares (the “Shares”) of Minera Alamos for a price of $0.20 per Share by way of a private placement of Minera Alamos, for an aggregate purchase price of $6,000,000 (the “Transaction”).
Immediately prior to the closing of the Transaction, Osisko held, directly or indirectly, (i) 46,080,000 common shares of Minera Alamos, and (ii) warrants entitling Osisko to purchase 200,000 common shares (the “Warrants”). Assuming the exercise of the Warrants, Osisko would own 46,280,000 representing approximately 12.3% of Minera Alamos’ issued and outstanding common shares prior to the closing.
Immediately following the closing of the Transaction, Osisko owns, directly or indirectly, (i) 76,080,000 common shares of Minera Alamos representing approximately 18.7% of the issued and outstanding common shares of Minera Alamos and (ii) 200,000 Warrants of Minera Alamos. Assuming the exercise of the Warrants, Osisko would own 76,280,000 common shares of Minera Alamos, representing approximately 18.8% of Minera Alamos’ common shares that would be issued and outstanding.
Osisko acquired the securities described in this press release 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 (collectively, “Securities”) of Minera Alamos 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 Minera Alamos and other relevant factors.
A copy of the early warning report to be filed by Osisko in connection with the Transaction described above will be available on SEDAR under Minera Alamos’ profile. This news release is issued under the early warning provisions of the Canadian securities legislation.
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 five cornerstone assets, including a 5% net smelter return 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 15.9% interest in Osisko Mining Inc., 17.9% interest in Osisko Metals Incorporated and a 19.9% interest in Falco Resources 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.
For further information, please contact Osisko Gold Royalties Ltd:
Tel. (514) 940-0670