|Date Announced:||September 23, 2019|
|Date Closed:||November 21, 2019|
|Client Name:||Osisko Gold Royalties Ltd|
Osisko has acquired all of the issued and outstanding common shares of Barkerville which it did not already own by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the "Arrangement"). Under the terms of the Arrangement, each former shareholder of Barkerville is entitled to receive 0.0357 of a common share of Osisko (each whole share, an "Osisko Share") in exchange for each common share of Barkerville (each whole share, a "Barkerville Share") held immediately prior to the effective time of the Arrangement (the "Arrangement Consideration"). Further, under the Arrangement, holders of options to acquire Barkerville Shares outstanding immediately prior to the effective time of the Arrangement received replacement options, entitling the holders thereof to receive Osisko Shares in lieu of Barkerville Shares, as adjusted in accordance with the plan of arrangement.