Sept 9 (Reuters) - Osisko Gold Royalties Ltd OR.TO :
* OSISKO ANNOUNCES CREDIT BID TRANSACTION IN REGARDS TO THE RENARD DIAMOND MINE
* OSISKO GOLD ROYALTIES LTD - ENTERED INTO A LETTER OF INTENT WITH STORNOWAY DIAMOND CORPORATION AND CERTAIN OF ITS SUBSIDIARIES
* OSISKO - CO, SECURED CREDITORS HAVE CONFIRMED THEIR INTENTION TO FORM AN ENTITY WHICH WILL ACQUIRE ALL OR SUBSTANTIALLY ALL ASSETS OF STORNOWAY
* OSISKO GOLD ROYALTIES LTD - OSISKO WILL MAINTAIN ITS 9.6% DIAMOND STREAM ON RENARD MINE AND WILL CONTINUE TO RECEIVE STREAM DELIVERIES
* OSISKO GOLD ROYALTIES LTD - AGREED TO REINVEST ITS PROCEEDS FROM STREAM FOR A PERIOD OF 1 YEAR FROM DATE OF CLOSING OF CREDIT BID TRANSACTION
* OSISKO - ALSO ENTERED DEFINITIVE AND BINDING WORKING CAPITAL FACILITY AGREEMENT WITH STORNOWAY PROVIDING FOR INITIAL AMOUNT OF $20 MILLION
* OSISKO GOLD ROYALTIES - CO'S ATTRIBUTABLE PORTION OF WORKING CAPITAL FACILITY WILL BE ABOUT $7 MILLION, OF WHICH $2.46 MILLION EXPECTED TO BE ADVANCED TODAY