Daily News: December 1, 2014

National Bank of Canada Closes Osisko Gold Revolver

Osisko Gold Royalties announced it has closed the previously announced $100 million revolving credit facility with National Bank of Canada. The credit facility will be used for investments in the mineral industry, including the acquisition of royalties and the funding of precious metal streams.

The facility may be increased by $50 million at Osisko’s request. The credit facility is secured by the company’s assets and has a two-year term, which can be extended by one year at each anniversary.

Montreal, Quebec-based Osisko is a gold-focused royalty and stream company whose cornerstone asset is a 5% net smelter royalty on the Malartic gold mine, located in Malartic, Quebec.