Osisko Development Provides Corporate Updates
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) provides corporate updates including the grant of deferred share units (DSUs) to independent directors and the departure of Vice President, Exploration, Maggie Layman. The DSUs will vest as per the Company's DSU Plan, while Daniel Downton will assume the role of 'qualified person' for mineral projects.
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MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the following corporate updates:
DSU Grant
As part of Osisko Development's regular annual remuneration program, the Company has granted an aggregate of 283,250 deferred share units of the Company ("DSUs") to its independent directors in accordance with the DSU Plan of the Company.
The DSUs will vest in accordance with the Company's DSU Plan, which is available on the Company's website at www.osiskodev.com.
Management Update
The Company also announces that Maggie Layman, Vice President, Exploration, will be departing the Company on May 30, 2024, to pursue another opportunity in the mining sector.
"We would like thank Maggie for the nine transformative years she worked on and oversaw the exploration work at all of the Company's projects. During this time, she was an integral part of the team that defined a solid and predictable geological and mineralization model for the Cariboo deposit. Most importantly, she imparted this knowledge to the exploration team. With the benefit of this foundation, the team will carry forward with important exploration work on these properties for years to come," noted Chris Lodder, President. "As she embarks on the next phase of her professional and personal life, we wish her all the best in her future endeavours."
To ensure continuity, the Company will rely on the deep bench strength of its exploration team, with Daniel Downton, P.Geo., Chief Resource Geologist, assuming the role as the Company's "qualified person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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
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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