Osisko Metals Closes Royalty Agreement With Osisko Gold Royalties

November 5, 2017

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MONTREAL, QUEBEC–(Marketwired – Nov. 1, 2017) – Osisko Metals Incorporated (the “Company” or “Osisko Metals“) (TSX VENTURE:OM)(FRANKFURT:0B5) is pleased to announce the closing of the C$5 million financing from Osisko Gold Royalties Ltd (“Osisko Gold”) that was announced October 12, 2017, in which Osisko Gold will acquire a 1% net smelter return royalty on Osisko Metals’ current portfolio of projects within both the Bathurst Mining Camp (“BMC”) and Quebec. The acquired royalty will also apply to areas that Osisko Metals may acquire in the future that fall within a one kilometer distance (area of influence) from their current property holdings. Osisko Gold may also acquire existing royalty buy-back agreements on current projects and will hold rights of first refusal on any future royalty or metal stream sale from existing or newly acquired properties by Osisko Metals.

Category: General