Osisko Green Acquisition Limited Announces Completion of Previously Announced Automatic Redemption of Class A Restricted Voting Shares
September 08 2023 - 8:37PM
Osisko Green Acquisition Limited (the
"
Corporation") announced today that the previously
announced automatic redemption (the "
Redemption")
of the Corporation's Class A restricted voting shares (the
"
Class A Restricted Voting Shares") has been
completed. Redemption of Class A Restricted Voting Shares held by
non-registered holders with CDS Clearing and Depositary Services
Inc., which represents all outstanding Class A Restricted Voting
Shares, has been completed.
Each Class A Restricted Voting Shares was, as
provided under the Corporation's articles, redeemed
for approximately $10.3157 (the "Redemption
Amount") before taking applicable withholding taxes into
account. Payment of the Redemption Amount (net of any applicable
taxes and other permitted deductions) constitutes the Corporation's
final payment in respect of the liquidation of the escrow account
that holds the proceeds of the Corporation's initial public
offering. Shareholders should consult their own tax advisors with
respect to applicable income tax consequences of the Redemption.
There were no distributions from the escrow account with respect to
the Corporation's Class B shares or warrants. The warrants
terminated in accordance with their terms.
The Class A Restricted Voting Shares have been
delisted from the Toronto Stock Exchange, and the Corporation
intends to apply to cease to be a reporting issuer in Canada.
About Osisko Green Acquisition
Limited
The Corporation is a special purpose acquisition
corporation incorporated under the laws of the Province of British
Columbia for the purpose of effecting, directly or indirectly, an
acquisition of one or more businesses or assets, by way of a
merger, amalgamation, arrangement, share exchange, asset
acquisition, share purchase, reorganization, or any other similar
business combination within a specified period of time.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Osisko Green Acquisition LimitedAlexander
DannChief Financial Officer & Corporate
Secretaryadann@osiskogreen.com
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