Osisko Development Announces Upsizing of Previously Announced "Bought Deal" LIFE Offering; Additional Concurrent Private Placement

Core Viewpoint - Osisko Development Corp. has increased its previously announced "bought deal" financing to C$60 million due to excess demand, indicating strong investor interest and confidence in the company's projects [2][3]. Financing Details - The financing will consist of three tranches of shares under the LIFE Exemption, aiming for aggregate gross proceeds of C$49,999,980 [3]. - A concurrent private placement will issue 2,092,100 Common Shares at C$4.78 per share, generating gross proceeds of C$10,000,238 [3]. - The total net proceeds from both offerings are expected to be approximately C$30 million, which will be allocated to the Cariboo Gold Project and related pre-construction activities [4]. Offering Structure - The LIFE Offering includes National Flow-Through Shares and British Columbia Flow-Through Shares, with gross proceeds of C$20,003,100 and C$10,006,920 respectively [8]. - The Common Shares will also be offered at a price of C$4.78, contributing gross proceeds of C$19,989,960 [8]. Closing Timeline - The closing of the LIFE Offering and the Concurrent Private Placement is anticipated on or about October 29, 2025, subject to regulatory approvals [6]. Company Overview - Osisko Development Corp. focuses on gold development in North America, particularly in mining-friendly jurisdictions, with the goal of becoming an intermediate gold producer [13]. - The company is advancing its flagship Cariboo Gold Project and has additional projects in Utah and Mexico, emphasizing long-life and environmentally responsible mining assets [13].