Osisko Development Announces Completion of Share Consolidation
OSISKO DEVELOPMENT ANNOUNCES COMPLETION OF SHARE CONSOLIDATION
MONTREAL, May 4 , 2022 – Osisko Development Corp. (“ Osisko Development ” or the “ Company”)
(TSX.V-ODV) announces that pursuant to a special resolution passed by shareholders on April 26, 2022,
and to the consolidation ratio subsequently approved by the Board of Directors, the consoli dation of all of
its issued and outstanding common shares on the basis of one (1) post-consolidated common share for
every three (3) pre-consolidated common shares (the “ Consolidation”) will take effect as of Wednesday,
May 4, 2022 (the “Effective Date”).
The Company’s consolidated common shares are expected to begin trading on the TSX Venture Exchange
at the opening of trading on the Effective Date. The new CUSIP number for the Company’s common shares
and listed warrants following the Consolidation are 68828E809 and 68828E114, respectively.
The Consolidation result s in the number of issued and outstanding common shares being reduced from
142,780,419 to 47,593,473 common shares. The exercise price and number of common shares of the
Company issuable upon the exercise of outstanding stock options, warrants or other convertible securities
will be proportionately adjusted to reflect the Consolidation in accordance with the terms of the securities.
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 Mexican properties, with the objective of becoming the
next mid- tier gold producer. The Caribo o Gold Project, located in central British Columbia, is Osisko
Development's flagship asset with measured and indicated resources 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 (see NI 43- 101 Technical Report and mineral resource estimate effective 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. Osisko
Development's project pipeline is complemented by the San Antonio gold project, located in Sonora Mexico.
Osisko Development began trading on the TSX Venture Exchange under the symbol “ODV” on
December 2, 2020.
For further information, please contact Osisko Development Corp.:
Jean Francois Lemonde
VP Investor Relations
Tel: 514-299-4926
Forward-looking Statements
Certain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of
applicable Canadian and U.S. 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 id entify forward‐looking statements. Information
contained in forward‐ looking statements is based upon certain material assumptions that were applied in drawing a
conclusion or making a forecast or projection, including that all conditions will be met to effect the Consolidation at the
Effective Date, management’s perceptions of historical trends, current conditions and expected future developments,
results of further exploration work to define and expand mineral resources, 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. Such risks and uncertainties include, among
others, risks relating to capi tal market conditions, regulatory framework, the ability of exploration activities (including
drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of to complete
further exploration activities, including drilling; property and stream interests in the San Antonio gold project; the ability
of the Corporation to obtain required approvals; the results of exploration activities; risks relating to exploration,
development and mining activities; the global e conomic climate; metal prices; dilution; environmental risks; and
community and non-governmental actions and the responses of relevant governments to the COVID-19 outbreak and
the effectiveness of such responses.
For additional information on risks, uncertainties and assumptions, please refer to the most recent Annual Information
Form of Osisko Development filed on SEDAR at www.sedar.com which also provides additional general assumptions
in connection with these statements. Osisko Development cautions that the foregoing list of risk and uncertainties is
not exhaustive. Investors and others should carefully consider the above factors as well as the uncertainties they
represent and the risk they entail. Osisko Development believes that the assumptions reflected in those forward-looking
statements are reasonable, but no assurance can be given that these expectations will prove to be accurate as actual
results and prospective events could materially differ from those anticipated such the forward looking statements and
such forward-looking statements included in this press release are not guarantee of future performance and should not
be unduly relied upon. 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 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.