Osisko Development Announces Proceeds of $24.9 Million From Warrant Exercise

Executive Summary

• Osisko Development Corp. received approximately C$24.9 million from the exercise of 5,625,031 common share purchase warrants held by funds advised by Appian Capital Advisory Limited.
• The warrants were issued at a price of C$4.43 per share on July 21 2025 in connection with a US$450 million senior secured project loan facility for the Cariboo Gold Project.
• Proceeds will support development and construction activities at the fully permitted, 100%-owned Cariboo Gold Project in central British Columbia.

Key Details

• Warrant Exercise Amount: Approximately C$24.9 million received.
• Number of Warrants Exercised: 5,625,031 common share purchase warrants.
• Exercise Price: C$4.43 per common share (originally issued July 21 2025).
• Counterparty: Funds advised by Appian Capital Advisory Limited (“Appian”).
• Related Financing Arrangement: The warrants were part of the terms for a senior secured project loan credit facility totaling US$450 million, intended to fund development and construction of the Cariboo Gold Project.
• Use of Proceeds: To be applied toward the development and construction of the Cariboo Gold Project, Osisko’s flagship fully permitted gold asset in British Columbia.

Notable Quotes

(No quotes were provided in the release.)