On March 2, 2023, Osisko Development Corp. closed a bought deal public offering of 7,841,850 units at a price of $6.60 per unit for aggregate gross proceeds of approximately $51.8 million, including the full exercise of the over-allotment option.
The offering was completed through a syndicate of underwriters co-led by Eight Capital and National Bank Financial Inc., and included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., Haywood Securities Inc., and PI Financial Corp.
Cassels acted for the underwriters.