Osisko Development lists warrants on TSX-V
2023-05-05 07:18 ET - News Release
Mr. Sean Roosen reports
OSISKO DEVELOPMENT ANNOUNCES SUPPLEMENTAL LISTING OF WARRANTS
The following common share purchase warrants of Osisko Development Corp. will be listed for trading on the TSX Venture Exchange effective as of the opening of markets on May 8, 2023: (i) an aggregate 7,752,916 warrants expiring on March 2, 2027, and (ii) an aggregate 11,363,933 warrants expiring on May 27, 2027. The March, 2027, warrants and May, 2027, warrants will be listed for trading on the exchange under the symbols ODV.WT.A and ODV.WT.U, respectively.
May, 2027, warrants
Each May, 2027, warrant is exercisable to acquire one common share of the corporation at an exercise price of $10.70 (U.S.) per common share until May 27, 2027, and will be trading on the exchange in U.S. dollars.
The May, 2027, warrants were issued on May 27, 2022, upon the conversion of subscription receipts of the corporation issued in connection with a non-brokered private placement of the corporation that closed in three separate tranches on March 4, 2022, March 29, 2022, and April 21, 2022.
All May, 2027, warrants are governed by the terms and conditions of a warrant indenture dated March 4, 2022, as amended and supplemented on March 29, 2022, and further amended and supplemented on March 17, 2023, between the corporation and TSX Trust Company, as warrant agent.
March, 2027, warrants
Each March, 2027, warrant is exercisable to acquire one common share at an exercise price of $14.75 per common share until March 2, 2027, and will be trading on the exchange in Canadian dollars.
The March, 2027, warrants were issued in connection with a bought deal brokered private placement of units and subscription receipts of the corporation that closed on March 2, 2022.
All March, 2027, warrants are governed by the terms of a warrant indenture dated March 2, 2022, as amended and supplemented on March 17, 2023, between the corporation and TSX Trust Company, as warrant agent.
Copies of the non-brokered warrant indenture and brokered warrant indenture are available on SEDAR and on the U.S. Securities and Exchange Commission EDGAR website under the corporation's issuer profile.
About Osisko Development Corp.
Osisko Development is a premier North American gold development company focused on high-quality past-producing properties located in mining-friendly jurisdictions with district-scale potential. The corporation's objective is to become an intermediate gold producer by advancing its 100-per-cent-owned Cariboo gold project, located in central British Columbia, Canada, the Tintic project in the historic East Tintic mining district in Utah, United States, and the San Antonio gold project in Sonora, Mexico. In addition to considerable brownfield exploration potential of these properties, that benefit from significant historical mining data, existing infrastructure and access to skilled labour, the corporation's project pipeline is complemented by other prospective exploration properties. The corporation's strategy is to develop attractive, long-life, socially and environmentally sustainable mining assets, while minimizing exposure to development risk and growing mineral resources.
We seek Safe Harbor.
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