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| Home : Osisko Closes $50 Million Financing With Investissement Quebec |
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Feb 13
2016 |
Osisko Closes $50 Million Financing With Investissement Quebec |
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MONTRÉAL, QUÉBEC--(Marketwired - Feb. 12, 2016) - Osisko Gold Royalties Ltd (the "Company" or "Osisko") (TSX:OR) is pleased to announce that it has closed its previously announced $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 and will bear interest at an annual rate of 4% payable quarterly. Ressources Québec will be entitled, at its option, to convert the debenture into common shares of the Company at a price of $19.08 at any time during the term of the debenture. Osisko has paid a 1% financing fee to Ressources Québec and will reimburse its costs incurred in connection with the financing. |
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| Source:http://www.marketwired.com/mw/release.do?id=2096493&sourceType=3 |
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