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

Core Viewpoint - Osisko Development Corp. has increased its "bought deal" financing to C$60 million due to excess demand, indicating strong investor interest and confidence in the company's projects [1]. Financing Details - The financing will consist of three tranches of shares under the LIFE Exemption, generating gross proceeds of C$49,999,980 [2]. - A concurrent private placement will issue 2,092,100 Common Shares at C$4.78 per share, raising gross proceeds of C$10,000,238 [2]. Use of Proceeds - The net proceeds, approximately C$30 million, will be allocated to the capital required for the construction of the Cariboo Gold Project and related pre-construction activities [3]. Offering Structure - The LIFE Offering includes 2,990,000 National Flow-Through Shares at C$6.69 per share for gross proceeds of C$20,003,100, and 1,444,000 British Columbia Flow-Through Shares at C$6.93 per share for gross proceeds of C$10,006,920 [7]. - The Common Shares will also include 4,182,000 shares at C$4.78 per share for gross proceeds of C$19,989,960 [7]. Closing Timeline - The closing of the LIFE Offering and the Concurrent Private Placement is expected on or about October 29, 2025, subject to regulatory approvals [5]. Company Overview - Osisko Development Corp. is focused on developing gold projects in mining-friendly jurisdictions, aiming to become an intermediate gold producer through its flagship Cariboo Gold Project [10].