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Osisko Development Announces C$30 Million Bought Deal Life Offering of National and BC ...
Osisko Development secured C$30 million to fund exploration on British Columbia properties using flow-through shares under the LIFE Exemption, closing expected by October 29, 2025.
- Osisko Development Corp. entered a bought-deal LIFE Exemption offering to raise C$30,010,020 via 2,990,000 National Flow-Through Shares at C$6.69 and 1,444,000 British Columbia Flow-Through Shares at C$6.93.
- Proceeds will fund eligible Canadian exploration expenses on British Columbia properties to be incurred by Dec 31, 2026 and renounced by Dec 31, 2025, the company said.
- Issuing 4,434,000 flow-through common shares split as 2,990,000 National FT Shares and 1,444,000 BC FT Shares, with underwriters receiving a 4.50% commission reducing net proceeds and causing shareholder dilution.
- The financing strengthens near-term funding for exploration on Osisko Development Corp.'s British Columbia properties and supports advancing the permitted 100%-owned Cariboo Gold Project toward its intermediate gold producer objective.
- With closing expected on Oct 29, 2025, the Offering depends on TSX Venture Exchange and New York Stock Exchange approvals, and the company warned forward-looking information may differ, creating execution risk.
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Enid News & Eagle
Enid News & EagleOsisko Development Announces C$30 Million Bought Deal Life Offering of National and BC ...
MONTREAL, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that it has entered into an agreement with certain underwriters, pursuant to which the underwriters have agreed…
C$30.01M Flow-Through Offering — Osisko Development to Raise Funds via Bought-Deal LIFE Exemption, Close Oct 29 2025
Osisko Development to raise C$30,010,020 via bought‑deal LIFE flow‑through shares (2,990,000 at C$6.69; 1,444,000 at C$6.93). Proceeds to fund BC exploration; closing ~Oct 29, 2025; 4.5% underwriting commission.
Coverage Details
Total News Sources10
Leaning Left4Leaning Right3Center2Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 22%
R 33%
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