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Stock impact report

Osisko Development Announces Oversubscribed and Fully Allocated Private Placement of Units

Osisko Development Corp. Common Shares (ODV) 
Company Research Source: GlobeNewswire
MONTREAL, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Montreal, Québec, October 24, 2024 – 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). The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the New York Stock Exchange and the TSX Venture Exchange. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the Closing Date. The securities have not been regi Show less Read more
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