Osisko Development Announces Results of Annual and Special Meeting of Shareholders and Grant of Deferred Share Units

Executive Summary

• Shareholders approved the company's name change to "Osisko Gold Group Inc." and the anticipated ticker symbol change to "OGG" on the TSX Venture Exchange and NYSE.
• The board of directors was re-elected, PricewaterhouseCoopers LLP was re-appointed as independent auditor, and the registered office was officially moved from Quebec to Ontario.
• The company granted 247,129 deferred share units (DSUs) to its independent directors as part of its annual compensation review under the omnibus equity incentive plan.

Key Details

• Meeting Attendance: 226,058,370 common shares voted, representing approximately 74.19% of total issued and outstanding shares as of the record date.
• Director Elections: All nominees were re-elected. Vote results: Sean Roosen (98.91% for), Charles E. Page (84.44% for), Michèle McCarthy (83.84% for), David Danziger (83.13% for), Stephen Quin (99.62% for), Susan Craig (99.62% for), Keith McKay (99.65% for).
• Auditor Appointment: PricewaterhouseCoopers LLP re-appointed as independent auditor with 99.90% votes for.
• Registered Office Resolution: Approved amendment to change registered office from Province of Québec to Province of Ontario (99.88% votes for).
• Name Change Resolution: Approved change of name to "Osisko Gold Group Inc." (99.46% votes for).
• Ticker Symbol Update: Anticipated update to "OGG" on both the TSX Venture Exchange and New York Stock Exchange in connection with the name change.
• Deferred Share Units (DSUs): 247,129 DSUs granted to independent directors pursuant to the Company's omnibus equity incentive plan as part of the annual compensation review.