18 December 2017
Osisko Metals Incorporated and Pine Point Mining Limited are pleased to announce that they have entered into a definitive arrangement agreement dated December 15, 2017 pursuant to which, among other things, (i) Osisko Metals has agreed to acquire all of the issued and outstanding common shares of Pine Point, and (ii) a newly formed company (“Spinco”) will be created to hold all of the assets and liabilities of Pine Point, with the exception of the Pine Point project located in the Northwest Territories, all of which is to be completed by way of a statutory plan of arrangement under the Business Corporations Act. The Arrangement will result in Osisko Metals acquiring the Pine Point Project in furtherance of Osisko Metals’ stated strategy of consolidating and developing base metal assets at the mining district scale.