representative work

Cassels Represents the Underwriters in Osisko Development’s $33.6 Million Private Placement


On March 18, 2021, Osisko Development Corp. completed a bought deal brokered private placement of 2,055,742 flow-through shares at a price of $9.05 per flow-through share and 1,334,500 charity flow-through shares at a price of $11.24 per charity flow-through share for aggregate gross proceeds of approximately $33.6 million, which includes the partial exercise of the underwriters’ option.

The offering was led by Eight Capital, on behalf of a syndicate of underwriters that included Canaccord Genuity Corp., National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., BMO Nesbitt Burns Inc., PI Financial Corp., Scotia Capital Inc., CIBC World Markets Inc., Desjardins Securities Inc., Haywood Securities Inc., iA Private Wealth Inc., Paradigm Capital Inc. and Raymond James Ltd.

Cassels acted for the underwriters.

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