(Montreal, April
10, 2014)
Osisko Mining Corporation (“Osisko” or the “Corporation”)
(TSX:OSK; Deutsche Boerse: EWX) notes the announcement by Goldcorp Inc.
(“Goldcorp”) that it intends to amend its hostile offer to acquire
all of the outstanding common shares of Osisko (the “Offer”) to,
among other things, extend the expiry date, increase the consideration payable
and reduce the minimum tender condition.
The Board of Directors of
Osisko will consider this announcement. Until the Corporation completes
its review, it will not comment further or speculate as to any future course of
action it might take.
Shareholders are reminded
that the Corporation recommends that shareholders defer taking any action in
respect of the hostile Offer until the Board of Directors of the Corporation
makes a recommendation as to the merits of the hostile Offer.
About
Osisko Mining Corporation
Osisko
Mining Corporation operates the Canadian Malartic Gold Mine in Malartic, Quebec
and is pursuing exploration on a number of properties in Ontario and Mexico.
Forward-Looking
Statements
Certain
statements contained in this press release may be deemed “forward-looking
statements”. All statements in this release, other than statements of
historical fact, that address events or developments that the Corporation
expects to occur, are forward looking statements. Forward looking statements
are statements that are not historical facts and are generally, but not always,
identified by the words “expects”, “plans”,
“anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential”,
“scheduled” and similar expressions, or that events or conditions
“will”, “would”, “may”, “could” or
“should” occur including, without limitation, the outcome of the
review of Goldcorps announcement by the Board of Directors. Although the
Corporation believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, including, without limitation
the results of the review of any such proposal, such statements are not
guarantees of future performance and actual results may differ materially from
those in forward looking statements. Factors that could cause the actual
results to differ materially from those in forward-looking statements include
the content of any business combination proposal, gold prices, the
Corporation’s limited experience with production and development stage mining
operations, uninsured risks, regulatory changes or sanctions, defects in
titles, availability of personnel, materials and equipment, timeliness of
government approvals, actual performance of facilities, equipment and processes
relative to specifications and expectations, unanticipated environmental
impacts on operations market prices, continued availability of capital and
financing and general economic, market or business conditions. These factors
are discussed in greater detail in the Corporation’s most recent Annual
Information Form filed on SEDAR, which also provides additional general
assumptions in connection with these statements. The Corporation cautions that
the foregoing list of important factors is not exhaustive. Investors and others
who base themselves on the Corporation’s forward-looking statements should
carefully consider the above factors as well as the uncertainties they
represent and the risk they entail. The Corporation believes that the
expectations reflected in those forward-looking statements are reasonable, but
no assurance can be given that these expectations will prove to be correct and
such forward-looking statements included in this press release should not be
unduly relied upon. These statements speak only as of the date of this press release.
