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

Core Points - Osisko Development Corp. has entered into an agreement for a bought deal private placement of flow-through shares, aiming for aggregate gross proceeds of C$30,010,020 [1][2][7] - The proceeds will be used for eligible Canadian exploration expenses, specifically for exploration activities on the Company's properties in British Columbia [2][4] - The Offering is expected to close on or about October 29, 2025, subject to regulatory approvals [3][4] 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 [7] - The Flow-Through Shares will qualify as "flow-through shares" under the Income Tax Act and will not be subject to a statutory hold period [4][7] - Certain purchasers intend to donate or sell some of the Flow-Through Shares to registered charities or other purchasers on the Closing Date [5] Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, with a goal to become an intermediate gold producer [9] - The flagship project is the Cariboo Gold Project in British Columbia, complemented by other projects in Utah and Mexico [9] - The Company aims to develop long-life, socially and environmentally responsible mining assets while minimizing development risk [9]