Osisko Development Corp. is pleased to announce that it has received expressions of interest in connection with a non-brokered private placement of up to 2,857,142 subscription receipts of Osisko Development at a price of US$3.50 per Subscription Receipt for aggregate gross proceeds of up to US$10 million.

Barksdale Resources Corp. is pleased to announce that it has closed the previously announced non-brokered private placement of $1,750,000 secured convertible debentures arranged through Delbrook Capital Advisors Inc., an existing security holder of the Company.

Taj Singh, President and CEO, states: “We look forward to completing our Pre-Feasibility Study in 2022 as we continue to systematically advance Cordero towards a construction decision. The Pre-Feasibility Study framework will incorporate supplementary metallurgical testwork, reserve definition drilling and dedicated Pre-Feasibility Study engineering drilling and will continue to incorporate staged expansions of the processing facility to ensure capital efficiency.”

The Company will use the proceeds of the financing carry out work on the inaugural +8000m diamond drill program at the Sonora property and provide general working capital.

The Technical Report titled “Independent NI 43-101 Technical Report, Zacatecas Properties, Zacatecas State, Mexico” dated January 28, 2022 supports the initial silver Mineral Resource Estimate at the Panuco Deposit within the Zacatecas Property.