On March 2, 2022, Osisko Development Corp. closed a bought deal brokered private placement of 13,732,900 subscription receipts and 9,525,850 units at a price of $4.45 per offered security, for aggregate gross proceeds of approximately $103.5 million, which includes the full exercise of the underwriters’ option.
The offering was co-led by Eight Capital, BMO Nesbitt Burns Inc. and National Bank Financial Inc., acting as co-lead underwriters and joint bookrunners, and on behalf of a syndicate of underwriters including Canaccord Genuity Corp., RBC Capital Markets, PI Financial Corp., and Desjardins Securities Inc.
Cassels acted for the underwriters.