Osisko Development plans to raise $50 million through private placement for gold projects

From GlobeNewswire: 2024-10-23 16:48:00

Osisko Development Corp. has announced a new agreement to sell up to 27,778,000 units at a price of US$1.80 per unit, aiming for aggregate gross proceeds of up to around US$50 million. The offering includes a common share and a warrant for each unit, with the option for additional units to be sold. The net proceeds will go towards advancing the Cariboo and Tintic Projects, repaying existing credit, and general corporate purposes. The sale is expected to close on November 12, 2024, pending necessary approvals. The company is focused on becoming an intermediate gold producer with projects in North America.



Read more at GlobeNewswire: Osisko Development Announces US$50 Million Marketed Private