Osisko Development to Commence Trading ON the New York Stock Exchange
OSISKO DEVELOPMENT TO COMMENCE TRADING ON THE
NEW YORK STOCK EXCHANGE
Montréal, May 23, 2022 – Osisko Development Corp. (" Osisko Development " or the
"Corporation") (ODV: TSX-V) is pleased to announce that it has been approved to list its common
shares (the " Common Shares ") on the New York Stock Exchange (" NYSE"). The Common
Shares are expected to commence trading on the NYSE on May 27, 2022 under the trading ticker
symbol "ODV". Osisko Development will retain its listing on the TSX Venture Exchange ("TSXV")
under the symbol "ODV".
Upon the Common Shares commencing trading on the NYSE, the escrow release condition
relating to the subscription receipts of the Corporation (the " Subscription Receipts") issued on
March 4, 2022, March 29, 2022 and April 21, 2022 will be satisfied. Upon the satisfaction of such
escrow release condition, a total of US$119. 4 million in cash proceeds will be automatically
released by TSX Trust Company, as subscription receipt agent, to the Corporation, and the
Subscription Receipts will convert, without any ac tion on the part of the holders thereof, into the
underlying securities.
Sean Roosen, Chair and Chief Executive Officer of Osisko Development, stated: "We are very
pleased to announce our listing on the NYSE, another milestone in positioning Osisko
Development for growth. We continue to focus on value creation for our shareholders, and listing
on the NYSE provides our U.S. based shareholder s with direct trading while also improving our
access to capital."
"We are excited to welcome Osisko Development to the NYSE community," said John Tuttle, Vice
Chair 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 posit ioned 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. The considerable exploration
potential at depth and along strike distinguishes the Cariboo Gold Project relative to other
development assets. Osisko Development's project pipeline is complemented by its interest in the
San Antonio gold project, located in Sonora.
For further information about Osisko Development Corp., please contact:
Sean Roosen, CEO
Telephone: (514) 940-0685
Email: [email protected]
Jean Francois Lemonde, VP Investor Relations
Telephone: (514) 299-4926
Email: [email protected]
Follow us on our Social Media Platforms:
Facebook:
https://www.facebook.com/osiskodev
Linked In:
http://www.linkedin.com/company/osisko-dev
Youtube:
https://www.youtube.com/channel/UC-1LPPhZ9WZnOuWsf6mRWhw
Twitter:
https://twitter.com/OsiskoDev
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable
Canadian and U.S. securities laws. These forward-looking statements, by their nature, require the
Corporation 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. 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 is based upon certain material assumptions
that were applied in drawing a conclusion or making a forecast or projection. The Corporation
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 control of
the Corporation, may ultimately prove to be incorrect since they are subject to risks and
uncertainties that affect the Corporation 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, refer to the Corporation's most recent
Annual information Form filed on SEDAR (www.sedar.com) under the Corporation's issuer profile
and available under the Corporation's profile at the U.S. Securities and Exchange Commission's
EDGAR website ( www.sec.gov). The forward-looking information set forth herein reflects the
Corporation's expectations as at the date of this news release and is subject to change after such
date. The Corporation 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 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 news
release. No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.