Osisko Development oversubscribed initial offering, raising $25 million to advance gold projects

From GlobeNewswire: 2024-10-08 08:17:00

Osisko Development Corp. announces that the first tranche of its offering was oversubscribed, raising up to $25 million. Further tranches are anticipated to close soon. The Company plans to use the proceeds to advance its Cariboo Gold Project in B.C., Canada, and its Tintic Project in Utah, U.S.A. Each unit consists of one common share and one purchase warrant. The Company aims to become an intermediate gold producer with socially and environmentally sustainable mining assets. The Offering remains subject to final acceptance from the TSX Venture Exchange. For more information, visit Osisko Development Corp.’s website.



Read more at GlobeNewswire: UPDATED — Osisko Development to Close Further Tranches of