representative work

Osisko Gold Royalties Ltd Completes $7.17 Million Convertible Note Financing with Strongbow Exploration Inc.


On January 26, 2018, Osisko Gold Royalties Ltd closed a $7.17 million loan to Strongbow Exploration Inc. pursuant to a senior secured convertible note and a related governance and financing agreement. The obligations of Strongbow under the note are secured by a first ranking lien on all assets of Strongbow and its subsidiaries.

In accordance with the governance and financing agreement, the note is convertible to a 1.5% net smelter returns royalty on all metals and minerals produced from Strongbow’s South Crofty tin project in Cornwall, UK at Osisko’s option if certain conditions are met.

Cassels acted as lead counsel to Osisko with a team that included Jay Goldman and Cathy Mercer (Business Law) and Mark Rasile, Carla Potter and Jenna Clark (Financial Services).