Osisko Development Corp. has entered into a marketing agreement (the “Hybrid Agreement”) with Hybrid Financial Ltd. (“Hybrid”) pursuant to which, among other things, Hybrid has agreed to provide certain investor relations services to the Company in accordance with Policy 3.4 – Investor Relations, Promotional and Market-Making Activities of the TSX Venture Exchange (the “Exchange”).
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Hybrid’s engagement is for an initial term of 12 months (the “Initial Term”). The Hybrid Agreement shall be automatically renewed for successive 6 month periods thereafter (each a “Renewal Term”) until written notice of termination is provided by either party to the other at least 30 days prior to the end of the Initial Term or the Renewal Term. In consideration for their services, Hybrid will receive US$15,000.00 per month, payable monthly, in advance of the services provided.
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Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach Hybrid offers comprehensive coverage of both Canadian and U.S. markets. Through Hybrid’s engagement, the Company hopes to heighten market awareness for Osisko Development and broaden the Company’s reach within the investment community
There are no performance factors contained in the Hybrid Agreement and Hybrid will not receive common shares or options as compensation. Further, Hybrid and the Company are unrelated and unaffiliated entities and, at the time of the Hybrid Agreement, neither Hybrid nor any of its principals have an interest, directly or indirectly, in the securities of the Company.
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