Osisko Development Corp. has increased its “bought deal” financing to C$60 million due to excess demand. The company will issue National Flow-Through Shares, British Columbia Flow-Through Shares, and Common Shares for a total of C$49,999,980. There will also be a concurrent private placement of Common Shares to raise C$10,000,238.

Proceeds from the offerings will contribute to the capital needed for the Cariboo Gold Project construction. The closing of the offerings is expected around October 29, 2025, subject to regulatory approvals. The LIFE Offering will be made under the LIFE Exemption in Canada, while the Concurrent Private Placement will be conducted on a private placement basis.

Investors can access the Offering Document on SEDAR+ and Osisko Development’s website for more information. The offerings are not available for distribution in the United States. Osisko Development Corp. is focused on developing gold projects in North America, with the Cariboo Gold Project in Canada as its flagship project. The company aims to become an intermediate gold producer while minimizing development risks.

The news release contains forward-looking statements regarding the offerings, use of proceeds, and regulatory approvals. Actual results may differ due to various factors, such as marketing and closing conditions. Investors are advised not to rely solely on forward-looking statements. The TSX Venture Exchange and its Regulation Services Provider do not endorse the information in the news release.

Read more at GlobeNewswire: Osisko Development Announces Upsizing of Previously