MONTRÉAL, Jan. 22, 2021 (GLOBE NEWSWIRE) — An early warning report has been filed by Osisko Gold Royalties Ltd on behalf of its affiliate, Osisko Growth Corp. (“Osisko Growth“), and Barkerville Gold Mines Ltd. (the “Investor“), a wholly-owned subsidiary of Osisko Growth holding the Topic Securities (as outlined beneath), in respect of the Investor’s holdings in Cornish Metals Inc. (CUSN: TSX-V) (“Cornish“). Cornish’s head workplace is situated at Suite 960 – 789 West Pender Road, Vancouver, British Columbia, Canada, V6C1H2.
On January 22, 2021, the Investor exercised 9,577,143 warrants of Cornish (every, a “Warrant“) to accumulate 9,577,143 frequent shares of Cornish (every, a “Widespread Share“) at a value of C$0.07 per Widespread Share, for mixture proceeds to Cornish of C$670,400 (the “Warrant Train“). Instantly previous to the Warrant Train, the Investor had possession of, or management and course over, (i) 44,256,190 Widespread Shares, representing roughly 31.6% of the issued and excellent Widespread Shares, and (ii) 9,577,143 Warrants. Instantly following the Warrant Train, the Investor had possession of, or management and course over, 53,833,333 Widespread Shares (the “Topic Securities“), representing roughly 36.0% of the issued and excellent Widespread Shares.
The Topic Securities are being held for funding functions and, as of the date of this information launch, not one of the events referred to within the early warning report are conscious of any plans nor has any future intentions which might relate to or lead to any of things (a) to (okay) described in Merchandise 5 of Type 62-103F1. The Investor, along with Osisko Growth, opinions its holdings of the Topic Securities every so often and will enhance or lower its place as future circumstances might dictate.
The early warning report is accessible on SEDAR (www.sedar.com) underneath the issuer profile of Cornish. To acquire a duplicate of the early warning report, please contact Ms. Heather Taylor as indicated beneath. The top workplace of Osisko Gold Royalties Ltd and Osisko Growth is situated at 1100 Avenue des Canadiens-de Montréal, Suite 300, Montréal, Québec, Canada, H3B 2S2. The top workplace of the Investor is situated at 666 Burrard Road, Suite 2500, Vancouver, British Columbia, Canada, V6C 2X8.
To acquire a duplicate of the early warning report, please contact:
Vice President, Investor Relations
Tel. (514) 940-0670 #105