Osisko Development Corp. Announces Annual Grant of Deferred Share Units
May 18 2021 - 8:10AM
Osisko Development Corp. (“
Osisko Development” or
the “
Corporation”) (ODV: TSX-V) is pleased to
announce that, following the annual meeting of shareholders, the
Corporation has awarded an aggregate of 41,700 deferred share units
(“
DSUs”) to its non-executive directors in
accordance with the DSU Plan of the Corporation. All DSUs vest one
day prior to the Corporation’s next annual meeting of shareholders.
About Osisko Development
Osisko Development 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 resources of 21.44 Mt at 4.60 Au g/t
for a total of 3.20 million ounces of gold and inferred resource of
21.69 Mt at 3.90 Au g/t for a total of 2.70 million ounces of gold
(see NI 43-101 Technical Report for resource October 5th, 2020).
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. Osisko Development began trading on the TSX Venture
Exchange (“TSX-V”) under the symbol “ODV” on
December 2, 2020.
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.
For further
information about Osisko Development, please contact: |
|
Sean Roosen, CEOTelephone: (514) 940-0685Email:
sroosen@osiskodev.com |
Jean Francois Lemonde, VP Investors RelationsTelephone: (514)
299-4926Email: jflemonde@osiskodev.com |
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