Osisko Closes $50 Million Financing with Ressources Québec
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Osisko Gold Royalties Ltd has closed its $50 million financing with Ressources Québec, a wholly-owned subsidiary of Investissement Québec. Under the terms of the financing, Ressources Québec subscribed to a $50 million convertible debenture which will mature in five years. Ressources Québec will be entitled, at its option, to convert the debenture into common shares of the company at any time during the term of the debenture.
About Investissement Québec
Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment.
To stop by Investissement Québec’s website, CLICK HERE
About Osisko Gold Royalties Ltd
Osisko is an intermediate mining royalty and exploration company with two world-class gold royalty assets. These two cornerstone assets are a 5 percent net smelter return (NSR) royalty on the world-class Canadian Malartic gold mine, located in Malartic, Québec, and a 2.0-3.5 percent NSR on the Éléonore gold mine, located in James Bay, Québec. Osisko also holds a 2-3 percent NSR royalty on certain claims comprising the Island Gold Mine, a 2 percent NSR royalty on the Lamaque South Project, a 3 percent NSR royalty on the Malartic CHL property as well as a 2 percent NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario. The company also owns a 9.8% equity interest in Labrador Iron Ore Royalty Corporation.
To stop by Osisko’s website, CLICK HERE
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