Osisko Development Announces Results of Annual Meeting of Shareholders
May 07 2024 - 7:37PM
Osisko Development Corp. (NYSE: ODV, TSXV: ODV)
("
Osisko Development" or the
"
Company") announces the results of its annual
meeting of shareholders (the "
Meeting") held on
May 7, 2024. A total of 55,749,501 common shares were voted at the
Meeting, representing approximately 66.27% of the total issued and
outstanding common shares of the Company as of the record date of
the Meeting. A summary of the results for the items voted at the
Meeting are as follows:
1. Election of
Directors
Each of the directors listed as nominees in
Osisko Development's Management Information Circular (the
"MIC") dated March 18, 2024, was elected to the
board of directors of the Company to serve for the ensuing year or
until their successors are duly elected or appointed, with the
following results:
Resolution #1Name of Nominee |
Votes For |
% Votes For |
VotesAgainst |
% VotesAgainst |
Sean Roosen |
48,372,453 |
95.75% |
2,148,533 |
4.25% |
Charles E. Page |
49,300,002 |
97.58% |
1,220,984 |
2.42% |
Marina Katusa |
49,320,043 |
97.62% |
1,200,943 |
2.38% |
Michèle McCarthy |
49,289,021 |
97.56% |
1,231,965 |
2.44% |
Duncan Middlemiss |
49,194,382 |
97.37% |
1,326,604 |
2.63% |
David Danziger |
49,371,868 |
97.73% |
1,149,118 |
2.28% |
2. Election of
Directors
PricewaterhouseCoopers LLP was re-appointed as
the Company's independent auditor and the directors were authorized
to fix the auditor's remuneration for the ensuing year, with the
following results:
Resolution #2Name of Auditor |
Votes For |
% Votes For |
VotesWithheld |
% VotesWithheld |
PricewaterhouseCoopers LLP |
55,571,208 |
99.74% |
145,321 |
0.26% |
3. Approval of the
amended Stock Option Plan
The ordinary resolution to approve the adoption
of the Company's amended Stock Option Plan as outlined in the MIC
dated March 18, 2024, was passed, with the following results:
Resolution #3 |
Votes For |
% Votes For |
VotesAgainst |
% VotesAgainst |
Stock Option Plan |
47,878,481 |
94.77% |
2,642,505 |
5.23% |
4. Approval of the
amended Deferred Share Unit Plan
The ordinary resolution to approve the adoption
of the Company's amended Deferred Share Unit Plan as outlined in
the MIC dated March 18, 2024, was passed, with the following
results:
Resolution #4 |
Votes For |
% Votes For |
VotesAgainst |
% VotesAgainst |
Deferred Share Unit Plan |
47,913,762 |
94.84% |
2,607,224 |
5.16% |
ABOUT OSISKO
DEVELOPMENT CORP.
Osisko Development Corp. is a North American
gold development company focused on past-producing mining camps
located in mining friendly jurisdictions with district scale
potential. The Company's objective is to become an intermediate
gold producer by advancing its 100%-owned Cariboo Gold Project,
located in central B.C., Canada, the Tintic Project in the historic
East Tintic mining district in Utah, U.S.A., and the San Antonio
Gold Project in Sonora, Mexico. In addition to considerable
brownfield exploration potential of these properties, that benefit
from significant historical mining data, existing infrastructure
and access to skilled labour, the Company's project pipeline is
complemented by other prospective exploration properties. The
Company's strategy is to develop attractive, long-life, socially
and environmentally sustainable mining assets, while minimizing
exposure to development risk and growing mineral resources.
For further information, visit our website at
www.osiskodev.com or contact:
Sean Roosen |
|
Philip Rabenok |
Chairman and CEO |
|
Director, Investor Relations |
Email: sroosen@osiskodev.com |
|
Email: prabenok@osiskodev.com |
Tel: +1 (514) 940-0685 |
|
Tel: +1 (437) 423-3644 |
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release. No stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein.
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