On February 12, 2016, Osisko Gold Royalties Ltd announced the completion of a $50 million convertible debenture financing with Ressources Québec. As a subsidiary of Investissement Québec, Ressources Québec is the gateway for companies seeking to invest in the mining and hydrocarbon industries. Ressources Québec supports resource companies at every stage of their projects, from exploration and development through to processing. It offers a full range of financial products, including investments in share capital, debentures and various types of loans. Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment. Osisko Gold Royalties is an intermediate mining royalty and exploration company with two world-class gold royalty assets, being a 5% net smelter return (“NSR”) royalty on the Canadian Malartic gold mine, located in Malartic, Québec, and a 2.0-3.5% NSR on the Éléonore gold mine, located in James Bay, Québec. Osisko also holds a 2-3% NSR royalty on certain claims comprising the Island Gold Mine, a 2% NSR royalty on the Lamaque South Project, a 3% NSR royalty on the Malartic CHL property as well as a 2% NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario. The company also owns a 9.8% equity interest in Labrador Iron Ore Royalty Corporation. Fasken Martineau represented Ressources Québec with a team that included Jean Michel Lapierre and Martin Racicot.