Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (19639)	7/8/2016 6:47:47 PM
From: Goose94	Respond to of 202700

OR-T new 52 week high, $17.89

To: Goose94 who wrote (19639)	8/16/2016 8:54:23 AM
From: Goose94	Read Replies (1) \| Respond to of 202700

Osisko Gold Royalties (OR-T) Streamlines Operations, Options James Bay Portfolio to Osisko Mining Aug 16, '16 - NR Osisko Gold Royalties is pleased to announce that, as part of streamlining its operations to focus on royalties and incubation investment, it has granted Osisko Mining Inc., an option to earn 100% of its interest on its portfolio of exploration properties held in Québec's James Bay and Labrador Trough areas. Under terms of the agreement (the "Agreement"), the highly regarded Québec based exploration portfolio will be optioned to Osisko Mining, who will have the right to acquire 100% of its ownership of the portfolio in return for time-based exploration expenditures. Osisko Mining will benefit from the years of expertise brought to bear on these projects from the former Virginia Mines exploration team (acquired by Osisko Royalties in 2015), and will be able to continue significant exploration programs through the integration of this team into Osisko Mining as part of the transaction. Under the terms of the agreement, Osisko Mining may earn 50% of Osisko Royalties' interest following expenditures totaling $19.2 million, and 100% if its interest upon completing the total investment of $32 million over a 7 year period. Osisko Royalties will retain an escalating net smelter return ("NSR") royalty ranging from 1% to a maximum of 3.5% on the properties. New properties acquired by Osisko Mining in the designated area during the 7 year term of the agreement will also be subject to the Agreement, subject to certain conditions. Osisko Royalties will undertake not to participate in any exploration activities and will be bound not to compete with Osisko Mining in areas covered by the Agreement, except for the continuation of activities of its Coulon copper-zinc project held by Osisko Royalties and other Québec institutional shareholders. Sean Roosen, Chair of the Board of Directors and Chief Executive Officer of Osisko Royalties, stated: "With today's deal, we continue to pursue our program of firmly establishing Osisko Gold Royalties as a leading intermediate royalty company, while maintaining exposure to the exciting land position acquired as part of the Virginia Mines acquisition in early 2015 through our holdings in Osisko Mining. This transaction demonstrates our commitment to our focus on the royalty business while indirectly supporting the creation of exploration and development value for our shareholders through our significant position in Osisko Mining." Messrs. André Gaumond, Senior Vice President Northern Development, and Paul Archer, Vice President Exploration, will remain employees of Osisko Royalties. Exercise of Option As part of the agreement, Osisko Royalties will exercise its option (negotiated on June 30, 2015) on properties held by Osisko Mining as of August 25, 2015, by paying $5 million. Under terms of this agreement, Osisko will receive a 1% NSR royalty on Osisko Mining's Windfall property and Urban Barry property package in return for a cash payment of $5 million, additional to its original equity investment of $17.8 million in August 2015. The transaction is subject to finalization of the documentation with an effective date of October 1, 2016. About Osisko Gold Royalties Ltd Osisko Gold Royalties is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. It holds 52 royalties, including a 5% NSR royalty on the Canadian Malartic Mine (Canada) and a 2.0-3.5% NSR royalty on the Éléonore Mine (Canada). It maintains a strong financial position with cash resources of $425 million at June 30 2016 and has distributed dividends to its shareholders during the past seven consecutive quarters. Osisko's head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2. Osisko Gold Royalties Ltd John Burzynski Senior Vice President, New Business Development (416) 363-8653 jburzynski@osiskogr.com Osisko Gold Royalties Ltd Joseph de la Plante Vice President, Corporate Development (514) 940-0670 jdelaplante@osiskogr.com