MONTREAL, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the successful closing of its previously announced private placement of 99,065,330 units of the Company (each, a "Unit") at a price of US$2.05 per Unit (the "Issue Price") for aggregate gross proceeds of approximately US$203 million (the "Offering").
Related Questions
What is the percentage dilution to existing shareholders from the issuance of 99,065,330 units at $2.05 each?
What is the timeline for deploying the capital and any milestones tied to the use of proceeds?
Are there any lockâup periods, resale restrictions, or other covenants attached to the private placement units?
How will the $203 million cash infusion affect Osisko Development's balance sheet and leverage ratios?
What are the specific intended uses of the proceeds (e.g., project development, debt repayment, acquisitions, working capital)?
How does the $2.05 per unit price compare to the current market price and recent financing rounds for ODV?
Will the proceeds be allocated to specific mining projects or geographic regions, such as the Quebec GoldâSilver project?
What impact will this financing have on Osisko's shortâterm and longâterm cash flow projections?
What is the expected immediate impact on the ODV stock price after the closing of the private placement?
How does this financing round compare to recent private placements or financing deals by peer junior mining companies?
Are there any debt covenants or credit rating implications associated with this private placement?
How might this influx of capital affect Osisko's ability to pursue acquisitions or jointâventure opportunities in the near future?