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Stock impact report

Osisko Development Announces Oversubscribed and Fully Allocated Private Placement of Units [Yahoo! Finance]

Osisko Development Corp. Common Shares (ODV) 
Company Research Source: Yahoo! Finance
US$57.5 Million Brokered Private Placement (Including Exercise In Full of Option) Expected to close November 12, 2024 MONTREAL, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (" Osisko Development " or the " Company ") is pleased to announce its private placement offering (" Offering ") of units of the Company (" Units "), announced on October 23, 2024, was oversubscribed and has been fully allocated. This Offering is expected to close on or about November 12, 2024, pursuant to which an aggregate of 31,944,700 Units are expected to be issued at a price of US$1.80 per Unit for gross proceeds of US$57,500,460 (including the exercise in full of the agents' option). Sean Roosen, Chair and CEO of Osisko Development, commented: "This Offering, together with recent financings, strengthens Osisko Development's balance sheet and provides the resources necessary to repay a meaningful portion of our existing credit facility with National Bank – avoiding Show less Read more
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