On August 15, 2025, Osisko Development Corp. completed a private placement of an aggregate of 99,065,330 units of the company at a price of US$2.05 per unit for aggregate gross proceeds of approximately US$203 million. The offering was comprised of: (i) a “bought deal” brokered private placement of 58,560,000 units for aggregate gross proceeds of approximately US$120 million, and (ii) a non-brokered private placement of 40,505,330 units for aggregate gross proceeds of approximately US$83 million.
Cassels represented the underwriters.