Osisko Announces TSX Approval to Renew Normal Course Issuer Bid - Seite 2

As of November 30, 2022, there were 183,921,409 Common Shares issued and outstanding. The 18,293,240 Common Shares that may be repurchased under the NCIB Program represent approximately 10% of the public float of the Corporation as of November 30, 2022, being 182,932,406 Common Shares.

During the prior NCIB Program of the Corporation, which will end on December 11, 2022, the Corporation obtained approval to purchase 16,530,688 Common Shares and actually purchased 1,694,658 Common Shares at a weighted average price of approximately $13.0619 per Common Share through the facilities of the TSX and through alternative trading systems in Canada.

About Osisko Gold Royalties Ltd

Osisko Royalties is an intermediate precious metal royalty company which holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko Royalties’ portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.

Osisko’s head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.

For further information, please contact Osisko Gold Royalties Ltd:

Heather Taylor
Vice-President, Investor Relations
Tel. [phone] x105
[e-mail]

Forward-looking statements

Certain statements contained in this press release may be deemed “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. These forward-looking statements, by their nature, require the Corporation to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not guarantees of performance. In this news release, these forward-looking statements may involve, but are not limited to, comments or opinion expressed by the Board of Directors of the Corporation on the underlying value of the Corporation’s Common Shares and to conditions the fact that conditions may or may not be met to warrant the use of the NCIB Program. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including in respect of the underlying value or market value of the Corporation’s Common Shares. The Corporation considers its assumptions to be reasonable based on information currently available, but cautions the reader that its assumptions regarding future events, many of which are beyond the control of the Corporation, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Corporation and its business.