Daily News: September 17, 2014

National Bank of Canada Provides Osisko Gold Revolver

Osisko Gold Royalties announced it entered into an agreement with National Bank of Canada for a $100 million revolving credit facility to 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 revolver will be secured by the company’s assets and will have a two-year term, which can be extended by one year.

Sean Roosen, chair and chief executive officer of Osisko, noted, “We are pleased to have National Bank of Canada as a financial partner as we seek new investment opportunities to complement our strong asset base.”

Osisko is a gold-focused royalty and stream company.