- Osisko Development (ODV, Financial) completes third deferred payment for the Tintic Project acquisition in shares.
- 1,368,610 new shares issued at C$2.5082 per share, pending TSX Venture Exchange approval.
- Engages Resource Stock Digest for a six-month marketing agreement worth US$250,000.
Osisko Development Corp. (ODV) has announced the completion of its third deferred payment for the Tintic Project acquisition in Utah, originally made in 2022. The payment, valued at US$2.5 million (approximately C$3.43 million), will be fulfilled entirely through the issuance of 1,368,610 common shares at C$2.5082 each. This strategy conserves cash while resulting in moderate dilution for shareholders. The issuance is still subject to approval from the TSX Venture Exchange.
In tandem with this payment, Osisko Development has entered into a six-month marketing and promotional services agreement with Resource Stock Digest (RSD), valued at US$250,000. The agreement, which begins on June 1, 2025, involves RSD providing interviews and company-approved content to expand ODV's investor reach across North America. This initiative supports the company’s strategy to enhance its market presence without substantial financial burden. Both the share issuance and the marketing agreement are pending regulatory approval before they can proceed.
