Osisko Development increases bought deal to $75-million

Executive Summary

• Osisko Development Corp. amends its previously announced bought‑deal financing, increasing total size from $60 million to $75 million due to excess demand.
• The concurrent private placement is enlarged by approximately $15 million, now comprising 5,230,200 common shares at $4.78 per share for gross proceeds of $25,000,356.
• All other terms of the offering remain unchanged; closing expected on or about Oct. 29 2025, subject to regulatory approvals and a four‑month‑plus statutory hold period on the private‑placement shares.

Key Details

• Original Offering (announced Oct 9 2025):
• Three tranches of flow‑through and common shares under NI 45‑106 for ~​$50 million gross proceeds.

• Additional private placement of common shares for ~​$10 million gross proceeds.

• Amended Offering Size:

• Total financing increased from $60 million to $75 million.

• Private Placement Amendment:

• Aggregate of 5,230,200 common shares at $4.78 per share.

• Gross proceeds of $25,000,356 (an increase of ~$15 million).

• Other Offering Terms:

• No changes to pricing, allocation, or conditions for the three tranches of flow‑through/common shares.

• Closing of both the LIFE offering and the concurrent private placement targeted for on/around Oct 29 2025.

• Regulatory Conditions:

• Subject to receipt of all required regulatory approvals, including conditional approval from the TSX Venture Exchange and the New York Stock Exchange.
• Private‑placement shares will be subject to a statutory hold period of four months and one day under Canadian securities law.

Notable Quotes

No executive quotes were included in the release.