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BRIEF-Osisko Announces Debt Repayment & Approval For Upto C$100 Mln In Share Buyback

Published 2018-12-19, 07:43 a/m
© Reuters. BRIEF-Osisko Announces Debt Repayment & Approval For Upto C$100 Mln In Share Buyback
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Dec 19 (Reuters) - Osisko Gold Royalties Ltd OR.TO :

* OSISKO RECEIVES PROCEEDS OF C$159.4 MILLION FROM PRETIUM AND ANNOUNCES DEBT REPAYMENT AND APPROVAL FOR UP TO C$100 MILLION IN SHARE REPURCHASES

* OSISKO GOLD ROYALTIES LTD - EXPECTS TO USE PROCEEDS FROM STREAM REPURCHASE TO REPAY OUTSTANDING AMOUNTS OF APPROXIMATELY C$58 MILLION

* OSISKO GOLD ROYALTIES LTD - EXPECTS TO USE PROCEEDS FROM STREAM REPURCHASE TO FUND SHARE REPURCHASES AS PART OF ITS PREVIOUSLY ANNOUNCED NCIB

* OSISKO GOLD ROYALTIES LTD - FOLLOWING DEBT REPAYMENT, WILL HAVE ABOUT C$30 MILLION OUTSTANDING ON ITS REVOLVING CREDIT FACILITY

* OSISKO GOLD ROYALTIES LTD - STREAM REPURCHASE DOES NOT AFFECT OSISKO'S 2018 GOLD EQUIVALENT OUNCE PRODUCTION GUIDANCE

* OSISKO GOLD ROYALTIES LTD - CONTINUES TO RETAIN EXPOSURE TO BRUCEJACK MINE THROUGH ITS 50% GOLD OFFTAKE INTEREST

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