Osisko Development Corp. Announces an Initial Grant of Stock Options
December 23 2020 - 9:18AM
Osisko Development Corp. (“
Osisko Development” or
the “
Corporation”) (ODV: TSX-V) is pleased to
announce that incentive stock options have been granted to
officers, employees and consultants to purchase 1,199,100 common
shares at a price of $7.62 per share for five years and the vesting
terms are one third (1/3) two (2) years after the date of grant,
one third (1/3) three (3) years after the date of grant and one
third (1/3) four (4) years after the date of grant. These options
have been granted in accordance with the Corporation’s Stock Option
Plan.
About Osisko Development Corp.
Osisko Development Corp. is well-capitalized and
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 objective of becoming the next
mid-tier gold producer. The Cariboo Gold Project, located in
central British Columbia, is Osisko Development’s flagship asset
with measured and indicated resource of 21.44 Mt at 4.6 Au g/t for
a total of 3.2 million ounces of gold and inferred resource of
21.69 Mt at 3.9 Au g/t for a total of 2.7 million ounces of gold.
The considerable exploration potential at depth and along strike
distinguishes the Cariboo Gold Project relative to other
development assets as does the historically low, all-in discovery
costs of US $19 per ounce. The Cariboo Gold Project is advancing
through permitting as a 4,750 tonnes per day underground operation
with a feasibility study on track for completion in the second half
of 2021. Osisko Development’s project pipeline is complemented by
potential near-term production targeted from the San Antonio gold
project, located in Sonora Mexico and early exploration stage
properties including the Coulon Project and James Bay Properties
located in Québec as well as the Guerrero Properties located in
Mexico.
For further
information about Osisko Development Corp., please
contact: |
|
Sean Roosen, CEOTelephone: (514) 940-0685Email:
sroosen@osiskodev.com |
Jean Francois Lemonde, VP Investor RelationsTelephone: (514)
299-4926Email: jflemonde@osiskodev.com |
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Cautionary Note Regarding Forward-Looking
Information
Certain statements contained in this news
release may be deemed “forward‐looking statements” within the
meaning of applicable Canadian securities laws. These
forward‐looking statements, by their nature, require Osisko
Development 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 in
these forward‐looking statements. Forward‐looking statements are
not guarantees of performance. Words such as “may”, “will”,
“would”, “could”, “expect”, “believe”, “plan”, “anticipate”,
“intend”, “estimate”, “continue”, or the negative or comparable
terminology, as well as terms usually used in the future and the
conditional, are intended to identify forward‐looking statements.
Information contained in forward‐looking statements, including with
respect to the development and exploration potential of the Cariboo
Gold Project and other Canadian and Mexican properties, Osisko
Development becoming the next mid-tier gold producer and the timely
completion and outcome of the Cariboo Gold Project feasibility
study, is based upon certain material assumptions that were applied
in drawing a conclusion or making a forecast or projection,
including management’s perceptions of current market conditions,
the future prospects of Osisko Development, historical trends,
current conditions and expected future developments, as well as
other considerations that are believed to be appropriate in the
circumstances. Osisko Development considers its assumptions to be
reasonable based on information currently available, but cautions
the reader that their assumptions regarding future events, many of
which are beyond the control of Osisko Development, may ultimately
prove to be incorrect since they are subject to risks and
uncertainties that affect Osisko Development, and its business.
For additional information with respect to these
and other factors and assumptions underlying the forward‐looking
statements made in this news release concerning Osisko Development,
see the Filing Statement available electronically on SEDAR
(www.sedar.com)under Osisko Development’s issuer profile. The
forward‐looking statements set forth herein concerning Osisko
Development reflect management’s expectations as at the date of
this news release and are subject to change after such date. Osisko
Development disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, other than as required by
law.
Neither the TSX-V nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX-V) 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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