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Stock impact report

Osisko Development Announces US$50 Million Marketed Private Placement Of Units [Financial Post (Toronto, Ontario, Canada)]

Osisko Development Corp. Common Shares (ODV) 
Company Research Source: Financial Post
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES MONTREAL, Oct. 23, 2024 (GLOBE NEWSWIRE) — Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (“ Osisko Development ” or the “ Company “) is pleased to announce that it has entered into an agreement with National Bank Financial Inc., Cantor Fitzgerald Canada Corp. and Eight Capital as co-lead agents (collectively, the “ Lead Agents “), pursuant to which the Lead Agents have agreed to sell, on a “best efforts” agency basis, up to 27,778,000 units (“ Units “) of the Company at a price of US$1.80 per Unit (the “ Offering Price “) for aggregate gross proceeds of up to approximately US$50 million (the “ Offering “). Each Unit consists of one common share of the Company (each, a “ Common Share “) and one Common Share purchase warrant (each, a “ Warrant “). Each Warrant shall entitle the holder thereof to purchase one Common Share (each, a “ Warrant Share “), at a price of US$3.00 per Warrant Share o Show less Read more
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