Osisko Development increases bought deal offering to C$75 million

Osisko Development Corp. (NYSE: ODV) announced it has increased its previously announced bought deal financing from C$60 million to C$75 million due to excess demand, according to a company statement.

The company entered into an amendment with underwriters to increase the concurrent private placement portion of the offering by approximately C$15 million. The private placement will now consist of 5,230,200 common shares priced at C$4.78 per share for gross proceeds of C$25,000,356.

The offering comprises two components: shares issued under the listed issuer financing exemption for gross proceeds of approximately C$50 million, including national flow-through shares, British Columbia flow-through shares and common shares; and the expanded concurrent private placement for C$25 million in gross proceeds.

Both portions of the offering are expected to close on or about October 29, 2025, subject to regulatory approvals including conditional approval from the TSX Venture Exchange and approval from the New York Stock Exchange. Common shares issued under the private placement will be subject to a four-month and one-day statutory hold period under Canadian securities laws.

Osisko Development focuses on gold development projects in North America, with its primary asset being the Cariboo Gold Project in British Columbia, Canada. The company also holds the Tintic Project in Utah and the San Antonio Gold Project in Sonora, Mexico.

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