Osisko Closing Expected to Occur on June 16, 2014
05 Junio 2014 - 11:00PM
Marketwired
Osisko Closing Expected to Occur on June 16, 2014
MONTREAL, QUEBEC--(Marketwired - Jun 6, 2014) - Osisko Mining
Corporation (TSX:OSK)(FRANKFURT:EWX) ("Osisko") anticipates that,
subject to court approval, and the satisfaction of closing
conditions, the effective date and closing of the shareholder
approved joint acquisition of 100% of the outstanding shares of
Osisko by Agnico Eagle Mines Limited ("Agnico Eagle") and Yamana
Gold Inc. ("Yamana") pursuant to a plan of arrangement (the
"Arrangement") will occur on June 16, 2014.
The Arrangement
Under the Arrangement, each outstanding common share of Osisko
will be exchanged for C$2.09 in cash, 0.07264 of a common share of
Agnico Eagle, 0.26471 of a common share of Yamana, and one common
share (one tenth of a common share on a consolidated basis) of a
newly formed company that will acquire certain assets of Osisko as
part of the Arrangement ("Osisko Gold Royalties Ltd").
Securityholders are encouraged to read Osisko's management
information circular dated May 1, 2014 for full details of the
Arrangement which was mailed to Osisko Securityholders and is also
available on Osisko's website at www.osisko.com or on SEDAR at
www.sedar.com.
About Osisko
Osisko Mining Corporation operates the Canadian Malartic Gold
Mine in Malartic, Québec and is pursuing exploration on a number of
properties, notably in Québec, Ontario and Mexico.
Forward-looking statements
Certain statements contained in this press release may be
deemed "forward-looking statements". All statements in this
release, other than statements of historical fact, that address
events or developments that Osisko expects to occur, are forward
looking statements. Forward looking statements are statements that
are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential",
"scheduled" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur including,
without limitation, the satisfaction of all technical, economical,
regulatory and financial conditions in order to complete the
Arrangement between Osisko, Agnico Eagle and Yamana, the
realization of all expected benefits of this Arrangement, and the
view on (i) the quality and the potential of Osisko's exploration
and mining assets, (ii) the consideration offered to Osisko
shareholders, and (iii) the potential of Osisko Gold Royalties Ltd.
Although Osisko believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements include, gold
prices, results of exploration and development activities, Osisko's
limited experience with production and development stage mining
operations uninsured risks, regulatory changes, defects in title,
availability of personnel, materials and equipment, timeliness of
government or court approvals, actual performance of facilities,
equipment and processes relative to specifications and
expectations, unanticipated environmental impacts on operations
market prices, continued availability of capital and financing and
general economic, market or business conditions.
These factors are discussed in greater detail in Osisko's
most recent Annual Information Form, which is filed on SEDAR and
also provide additional general assumptions in connection with
these statements. Osisko cautions that the foregoing list of
important factors is not exhaustive. Investors and others who base
themselves on the forward looking statements contained herein
should carefully consider the above factors as well as the
uncertainties they represent and the risk they entail. Osisko
believes that the expectations reflected in those forward-looking
statements are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this press release should not be unduly
relied upon. These statements speak only as of the date of this
press release. Osisko undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, other than as required
by applicable law.
John BurzynskiVice-President Corporate Development(416)
363-8653www.osisko.comSylvie Prud'hommeDirector of Investor
Relations(514) 735-7131Toll Free: 1-888-674-7563
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