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MONTREAL, May 7, 2024 (GLOBE NEWSWIRE) — Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (“Osisko development” or the “Pursue“) announces the results of its annual general meeting (the “Meet“) took place on May 7, 2024. A total of 55,749,501 shares of common stock were voted on at the meeting, representing approximately 66.27% of the Company’s total issued and outstanding shares of common stock as of the record date of the meeting. A summary of the results for the items voted on at the meeting is as follows:
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1. Election of directors
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Each of the directors listed as nominees in Osisko Development’s Management Information Circular (the “MIC“) of March 18, 2024 was elected to the Board of Directors of the Company for the following year or until the due election or appointment of their successors, with the following result:
| Solution #1 Name of nominee |
vote for | % Vote for | Voices Against |
% Voices Against |
| Sean Roosen | 48,372,453 | 95.75% | 2,148,533 | 4.25% |
| Charles E. Page | 49,300,002 | 97.58% | 1,220,984 | 2.42% |
| Marina Katusa | 49,320,043 | 97.62% | 1,200,943 | 2.38% |
| Michelle McCarthy | 49,289,021 | 97.56% | 1,231,965 | 2.44% |
| Duncan Middlemiss | 49,194,382 | 97.37% | 1,326,604 | 2.63% |
| David Danziger | 49,371,868 | 97.73% | 1,149,118 | 2.28% |
2. Election of directors
PricewaterhouseCoopers LLP was reappointed as the Company’s independent auditor and the directors were authorized to determine the auditor’s remuneration for the following year, with the following result:
| Solution #2 Name of the examiner |
vote for | % Vote for | Voices Withheld |
% Voices Withheld |
| PricewaterhouseCoopers LLP | 55,571,208 | 99.74% | 145,321 | 0.26% |
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3. Approval of the amended stock option plan
The Ordinary Resolution authorizing the adoption of the Company’s Amended Stock Option Plan, as set forth in the MIC dated March 18, 2024, was adopted with the following results:
| Solution #3 | vote for | % Vote for | Voices Against |
% Voices Against |
| Stock Option Plan | 47,878,481 | 94.77% | 2,642,505 | 5.23% |
4. Approval of the Amended Deferred Share Unit Plan
The ordinary resolution authorizing the adoption of the Company’s amended Deferred Share Unit Plan, as set forth in the MIC dated March 18, 2024, was adopted with the following results:
| Solution #4 | vote for | % Vote for | Voices Against |
% Voices Against |
| Deferred Share Unit Plan | 47,913,762 | 94.84% | 2,607,224 | 5.16% |
AROUND
OSISKO
DEVELOPMENT
CORP.
Osisko Development Corp. is a North American gold development company focused on past producing mining districts in mining-friendly jurisdictions with district-level potential. The Company’s objective is to become a mid-tier gold producer through its 100% owned Cariboo Gold Project in central BC, Canada, the Tintic Project in the historic East Tintic mining district of Utah, USA, and the San Antonio Gold Project further developed in Sonora, Mexico. In addition to the significant brownfield exploration potential of these properties, which benefit from significant historical mining data, existing infrastructure and access to a skilled workforce, the Company’s project pipeline is complemented by other prospective exploration properties. The Company’s strategy is to develop attractive, long-lasting, socially and environmentally sustainable mining assets while minimizing exposure to development risks and expanding mineral resources.
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For more information, visit our website at www.osiskodev.com or contact:
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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
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