Osisko Development Closes US$57.5 Million Marketed Private Placement of Units
Osisko Development Corp. Common Shares (ODV)
Company Research
Source: GlobeNewswire
MONTREAL, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the successful closing of its previously announced private placement of 31,946,366 units of the Company ("Units") at a price of US$1.80 per Unit, including the exercise in full of the Agents' option, for aggregate gross proceeds of approximately US$57.5 million (the "Offering"). The Offering included a lead order from Condire Investors, LLC ("Condire"), an investment firm based in Dallas, Texas, resulting in an approximate 8.8% holding in the Company's issued and outstanding common shares immediately following the closing of the Offering (on a non-diluted basis). Concurrently with the Offering, the Company and Condire have agreed to find a mutually agreeable addition to the Company’s Board of Directors or, alternatively, a Board observer. Sean Roosen, Chair and CEO of Osisko Development, commented: "The closing of this significan
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ODV
Sec Filings
- 11/21/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- ODV's page on the SEC website