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Stock impact report

Osisko Development Completes Sale of San Antonio Gold Project [Yahoo! Finance]

Osisko Development Corp. Common Shares (ODV) 
Company Research Source: Yahoo! Finance
the " Company ") is pleased to announce that it has completed the previously announced sale of its 100% interest in the San Antonio Gold Project (" San Antonio " or the " Project ") located in Sonora State, Mexico, to Axo Copper Corp. (" Axo ") through the sale of all of the issued and outstanding equity interests of Sapuchi Minera S. de R.L. de C.V. (" Sapuchi Mexico ") (the " Transaction At closing, Osisko Development received 15,325,841 common shares of Axo (" Axo Shares "), representing 9.99% of the issued and outstanding common shares of Axo on a non-diluted basis. Osisko Development is entitled to certain contingent deferred payments in connection with the sale, including: A cash payment equal to 70% of any Mexican value-added tax refund due or owing to Sapuchi Mexico in respect of any period ending on or before the closing date of the Transaction; Upon the public filing by Axo of a feasibility study respecting the Project that is prepared in accordance with National Ins Show less Read more
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