Osisko Development announces that in connection with the terms of the Company’s previously-completed acquisition in May 2022 of a 100% ownership interest in the Tintic Project located in Central Utah’s historic Tintic Mining District, the Company has satisfied the first of five deferred payments to the sellers. Deferred consideration of US$2,500,000 was paid comprising of $250,000 in cash and $2,250,000 in common shares of the Company at a deemed price of C$6.74 per Common Share, resulting in the issuance of 454,026 Common Shares to the sellers in satisfaction of such deferred payment.
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