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Osisko Development will begin trading on the New York

Osisko Development will begin trading on the New York

 


MONTREAL, May 23, 2022 (GLOBE NEWSWIRE) — Corp. of Osisko development (“Osisko Development“or the”society“) (ODV: TSX-V) is pleased to announce that it has been approved to list its common shares (the “Ordinary actions“) on the New York Stock Exchange (“NYSE“). The common shares are expected to begin trading on the NYSE on May 27, 2022 under the symbol “ODV”. Osisko Development will maintain its listing on the TSX Venture Exchange (“TSXV“) under the symbol “ODV”.

At the time the Common Shares commence trading on the NYSE, the Company’s subscription receipt escrow release condition (the “Subscription receipts“) issued on March 4, 2022, March 29, 2022 and April 21, 2022 will be satisfied. Upon satisfaction of this escrow release condition, aggregate cash proceeds of US$119.4 million will be automatically released by the TSX Trust Company, as Subscription Receipt Agent, to the Company, and the Subscription Receipts will be converted, without any action by the holders thereof, into the underlying securities.

Sean Roosen, Chairman and CEO of Osisko Development, said, “We are very pleased to announce our listing on the New York Stock Exchange, another important step in positioning Osisko Development for growth. . We continue to focus on creating value for our shareholders and being listed on the NYSE provides our US-based shareholders with direct trading while improving our access to capital.”

“We are delighted to welcome Osisko Development to the NYSE community,” said John Tuttle, Vice President and Chief Commercial Officer, NYSE Group. “We look forward to working with the company to deliver the benefits of our unique market model and world-class services.”

About Osisko Development Corp.

Osisko Development Corp. is uniquely positioned as a premier gold development company in North America to advance the Cariboo Gold Project and other Canadian and Mexican properties, with the goal of becoming the next mid-tier gold producer. The Cariboo Gold Project, located in central British Columbia, is Osisko Development’s flagship asset. The considerable exploration potential at depth and along strike sets the Cariboo Gold Project apart from other development assets. Osisko Development’s project portfolio is completed by its participation in the San Antonio gold project, located in Sonora.

For more information about Osisko Development Corp., please contact:
Sean Roosen, CEO
Telephone: (514) 940-0685
E-mail: [email protected]
Jean François Lemonde, Vice President of Investor Relations
Phone: (514) 299-4926
E-mail: [email protected]

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable Canadian and United States securities laws. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate” , “continuing” or the negative or comparable terminology, as well as terms commonly used in the future tense and conditional tense, are intended to identify forward-looking statements.

The information contained in forward-looking statements is based on certain material assumptions that were applied in drawing a conclusion or making a forecast or projection. The Company considers its assumptions to be reasonable based on information currently available, but cautions the reader that its assumptions regarding future events, many of which are beyond the Company’s control, may ultimately prove to be incorrect as they are subject to risks and uncertainties. that affect the Company and its activities.

For further information on these and other factors and assumptions underlying the forward-looking statements contained in this press release, please refer to the Company’s most recent Annual Information Form filed on SEDAR (www.sedar.com) under the Company’s issuer profile and available under the Company’s profile on the United States Securities and Exchange Commission’s EDGAR website (www.sec.gov). The forward-looking information presented herein reflects the Company’s expectations as of the date of this press release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

Sources

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2/ https://www.globenewswire.com/news-release/2022/05/23/2448313/0/en/Osisko-Development-to-Commence-Trading-on-the-New-York-Stock-Exchange.html

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