Osisko Development Announces C$30 Million Bought Deal Life Offering of National and BC Flow-Through Shares

Core Viewpoint - Osisko Development Corp. has announced a private placement offering of flow-through shares, aiming to raise gross proceeds of C$30,010,020 for eligible Canadian exploration expenses [1][2]. Group 1: Offering Details - The offering consists of two tranches: 2,990,000 common shares at C$6.69 per share for gross proceeds of C$20,003,100, and 1,444,000 common shares at C$6.93 per share for gross proceeds of C$10,006,920 [8]. - The offering is expected to close on or about October 29, 2025, subject to regulatory approvals [3]. Group 2: Use of Proceeds - The proceeds will be used for "Canadian exploration expenses" qualifying as flow-through mining expenditures under the Tax Act, specifically for exploration activities on the Company's properties in British Columbia [2]. Group 3: Regulatory and Compliance - The offering will be conducted under the LIFE Exemption, allowing for sales without a prospectus filing in Canada and potentially in offshore jurisdictions [4]. - The Company will pay underwriters a cash commission of 4.50% of the gross proceeds from the offering [5].