Osisko Development Announces Further Upsize of Previously Announced "Bought Deal" Offering

Core Points - Osisko Development Corp. has increased its "bought deal" financing from C$60 million to C$75 million due to excess demand [1] - The financing includes three tranches of shares under the "listed issuer financing exemption" for gross proceeds of approximately C$50 million and an additional private placement for approximately C$10 million [2] - The Concurrent Private Placement has been increased by approximately C$15 million, totaling 5,230,200 Common Shares at a price of C$4.78 per share for gross proceeds of C$25,000,356 [3] - The closing of both the LIFE Offering and the Concurrent Private Placement is expected on or about October 29, 2025, subject to regulatory approvals [4] Company Overview - Osisko Development Corp. is focused on gold development in North America, aiming to become an intermediate gold producer by advancing its Cariboo Gold Project in British Columbia [6] - The company also has projects in Utah and Mexico, emphasizing long-life, socially and environmentally responsible mining assets while minimizing development risk [6]