vote NO
don't beleve this bullsh!t
GLASS LEWIS AND ISS RECOMMEND THAT OSISKO AND VIRGINIA
SHAREHOLDERS VOTE
FOR
THE BUSINESS COMBINATION
Osisko
and Virginia also remind shareholders of important vote deadline to
approve the business combination
(Montr
é
al and Québec City, December 3
1
, 2014)
Osisko Gold Royalties Ltd (OR:TSX) ("Osisko")
and Virginia Mines Inc. (VGQ:TSX) ("Virginia") are pleased to
announce that Glass, Lewis & Co.
("Glass Lewis"), a leading independent proxy advisory firm which provides voting recommendations to
institutional investors, has recommended that shareholders of Virginia vote
FOR
the special resolution
to approve the plan of arrangement (the "Arrangement") in connection with the business combination
of Osisko and Virginia.
In addition, Glass Lewis has recommended that Osisko shareholders vote in favour of the ordinary
resolution
to approve the maximum number of common shares of Osisko that may be issued in
connection with the Arrangement (the "Share Issuance"). Under the Arrangement, shareholders of
Virginia (other than Osisko and any dissenting shareholders) will receive 0.92 of
an Osisko share for
each common share of Virginia held immediately prior to the effective time.
The recommendation from Glass Lewis comes in addition to the recommendation from Institutional
Shareholder Services (
"ISS"), which also recommends
that shareho
lders of Virginia vote
FOR
the
special resolution to approve the Arrangement and shareholders of Osisko to vote
FOR
the ordinary
resolution
to approve the Share Issuance, as announced by Osisko and Virginia on December 22
nd
,
2014.
On November 17, 2014, Osi
sko and Virginia announced their proposed business combination
structured by way of a plan of arrangement. Completion of the business combination is intended to
create
a new leading intermediate royalty and mining company with two world
-
class gold royalty
assets located in Québec, Canada, one of the world's premier mining jurisdictions.
Shareholders of Osisko and Virginia are reminded to vote their proxies ahead of the upcoming proxy
voting deadline:
For
Virginia
shareholders,
t
he
deadline
for
submitting
p
roxies
is
10:00
a.m.
(E
S
T)
on
Thursday,
January
8,
2015.
For
Osisko
shareholders,
t
he
deadline
for
submitting
proxies
is
11:00
a.m.
(E
S
T)
on
Thursday,
January
8,
2015.