On October 29, 2025, Osisko Development Corp. completed an oversubscribed private placement of 15,409,798 common shares for aggregate gross proceeds of approximately $82.5 million.
The offering consisted of a LIFE offering pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions, comprised of three tranches: 2,990,000 flow-through shares at $6.69 each, 1,444,000 flow-through shares to eligible British Columbia residents at $6.93 each, and 4,182,000 common shares at $4.78 each; as well as a concurrent private placement under other NI 45-106 exemptions, consisting of 6,793,798 common shares at $4.78 each.
The offering was co-led by National Bank Financial Inc., BMO Capital Markets and RBC Capital Markets, as co-lead underwriters and co-bookrunners.
Cassels acted for the underwriters.