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Stock impact report

Osisko Development Announces Oversubscribed and Fully Allocated Private Placement of Units [Canadian Business Journal (Canada)]

Osisko Development Corp. Common Shares (ODV) 
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESUS$57.5 Million Brokered Private Placement (Including Exercise In Full of Option) Expected to close November 12, 2024MONTREAL, Oct. 24, 2024 (GLOBE NEWSWIRE) —Osisko Development Corp.CompanyOfferingUnitsSean 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 certain ongoing fees – and fund key upcoming milestones at the Cariboo Gold Project, including the final stages of its permitting process, an updated feasibility study, and the ongoing bulk sample work. It will also accelerate pre-construction activities at Cariboo.”The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from Show less Read more
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