Osisko Development to close private placement tranche to raise $25 million for gold projects.

From GlobeNewswire: 2024-10-07 18:29:00

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) announced plans to close a second tranche of a private placement, aiming to raise up to $25 million through the sale of 13,888,888 units at $1.80 per unit. The Company expects to complete the offering by the week of October 14, with each unit comprising one common share and one common share purchase warrant. The proceeds will be used to advance projects like the Cariboo Gold Project and Tintic Project. The offering is subject to regulatory approvals and all securities will be subject to a hold period of four months. The Company aims to become an intermediate gold producer through its North American operations and environmentally sustainable projects.



Read more at GlobeNewswire: Osisko Development to Close Second Tranche of Non-Brokered