Gold Fields Completes Acquisition of Osisko Mining

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TORONTO, Oct. 25, 2024 (GLOBE NEWSWIRE) — Osisko Mining Inc.wasp“” (TSX:OSK) is pleased to announce the successful completion of its previously announced arrangement transaction plan (“ranking“), pursuant to which, among other things, Gold Fields Limited, through its 100% Canadian subsidiary, Gold Fields Windfall Holdings Inc., acquired all of the issued and outstanding common shares of Osisko (“shares“).

John Burzynski, Chairman and CEO of Osisko, commented:

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“This outstanding transaction represents a strong, short-term outcome for our shareholders and reflects the truly global nature of the Windfall project. In nine years, we have transformed Windfall into one of the largest and highest-profile gold development projects in the world, and this transaction is a testament to the exceptional leadership effort of the Osisko Mining team. Gold Fields is a major, globally diversified gold producer with a proven track record of success in building and operating mines. As our (now former) joint venture partner at Windfall, Gold Fields knows the assets well and recognizes the importance of the strong relationships we have built in Quebec with all. Our Stakeholders Furthermore, Gold Fields shares our core principles of operating in a safe, inclusive and socially responsible manner. They are well suited to take Windfall into production and we wish them all the best for the future.

Under the terms of the Arrangement, each former Osisko shareholder will be entitled to C$4.90 per share (“consideration“) is held immediately prior to the effective time of the Arrangement. A final order approving the Arrangement was granted by the Ontario Superior Court of Justice on October 22, 2024. The Arrangement became effective earlier today.

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Former registered shareholders of Osisko are reminded that, in order to receive the consideration to which they are entitled under the Arrangement, they must complete, sign and return the Letter of Transmittal to the TSX Trust Company, as the depositary under the Arrangement, together with their certificates or DRS advice(s) that Represent their shares. If you have any questions or require further information regarding procedures for receiving consideration, please contact the TSX Trust Company: (i) by telephone at 1-866-600-5869 (toll-free for North America) or 416-342-1091 (externally) North America); (2) By fax at 416-361-0470; (iii) by email at tsxtis@tmx.com; or (iv) online at www.tsxtrust.com/issuer-and-investor-services.

Non-registering former shareholders shall receive the consideration to which they are entitled under the arrangement directly into their brokerage accounts. Non-registered shareholders should contact their broker or other intermediary if they have any questions or require further information regarding the procedures for receiving the consideration to which they are entitled under the Arrangement.

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As a result of the completion of the Arrangement, the shares are expected to be delisted from the Toronto Stock Exchange within two business days of closing. Osisko intends to submit an application to securities regulators to cease being a reporting issuer and to terminate its public reporting obligations. Both directors and senior officers of Osisko resigned from their positions at Osisko upon completion of the arrangement.

Further details regarding the arrangement are set out in Osisko’s Management Information Circular dated September 6, 2024 which is available on SEDAR+ (www.sedarplus.ca) within the Osisko exporter profile.

Advisors

Maxit Capital LP and Canaccord Genuity Corp served as financial advisors to Osisko. Bennett Jones LLP served as legal counsel to Osisko. Fort Capital Partners served as financial advisor to the special committee of independent directors of Osisko (“Special CommitteeCassels Brock & Blackwell LLP served as independent legal advisors to the Special Committee.

on
wasp

Osisko is a mineral exploration company focused on acquiring, exploring and developing precious metal resource properties in Canada.

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About gold fields

Gold Fields is a diversified global gold producer with nine operating mines in Australia, South Africa, Ghana, Chile and Peru and one project in Canada. Gold Fields’ shares are listed on the Johannesburg Stock Exchange (JSE) and its American Depositary Shares are traded on the New York Stock Exchange (NYSE).

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Information:

John Burzynski
Chairman of the Board of Directors and CEO
(416) 363-8563

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