AcquisitionsMay 28, 2026, 08:31 AM
Osisko Development to Issue Shares for $2.5M Tintic Payment
AI Summary
Osisko Development Corp. announced its intention to satisfy the fourth of five deferred payments for the Tintic Project acquisition, completed in May 2022. The payment of US$2,500,000 (C$3,453,000) will be made entirely in common shares. The company expects to issue 871,683 Common Shares at a deemed price of approximately C$3.9613 per share, pending approval from the TSX Venture Exchange.
Key Highlights
- Osisko Development to make the fourth of five deferred payments for the Tintic Project acquisition.
- Payment amount is US$2,500,000 (C$3,453,000).
- Payment will be satisfied entirely in Common Shares.
- Deemed price per Common Share is approximately C$3.9613.
- Company will issue 871,683 Common Shares to the Sellers.
- Issuance is subject to approval from the TSX Venture Exchange.
Price Impact
More from ODV