Published: December 4, 2019 |

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Osisko Gold Royalties and Barkerville Gold Mines have completed their business combination. Osisko has acquired all of the issued and outstanding common shares of Barkerville which it did not already own by way of a statutory plan.

“We are pleased to have concluded this transaction with Barkerville, and look forward to leveraging our industry-leading technical team, with a proven track record of creating value through resource discovery, project development and mine operation, to create value for Osisko’s shareholders and to realize the potential upside of the Cariboo project,” said Sean Roosen, chair of the board of directors and chief executive officer of Osisko.

“We would like to thank Barkerville’s board of directors, management and shareholders for their hard work and support of this transaction,” said Sean Roosen, chair of the board of directors and chief executive officer of Osisko,” added Roosen.

“We are very pleased to have closed this transaction and look forward to joining forces with Osisko, which continues to demonstrate its leadership and vision with the launch of the Northern Spirit Discovery Group. We look forward to participating in the future success of Osisko,” said Chris Lodder, president and chief executive officer of Barkerville.

About Osisko Gold Royalties
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 four cornerstone assets, including a 5 percent NSR 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 19.9 percent interest in Falco Resources Ltd and a 16.3 percent interest in Osisko Mining Inc.

To stop by Osisko’s website, CLICK HERE

About Barkerville Gold Mines
Barkerville Gold mines Ltd. is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the corporation has unlocked the fundamental structural controls of gold mineralization. Barkerville’s brownfields exploration team is focused on developing and delineating a mineable resource within the 8 kilometres of principle project area located near the town of Wells, British Columbia. Barkerville’s greenfields team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains.

To stop by Barkerville’s website, CLICK HERE

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