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

Core Viewpoint - Osisko Development Corp. has increased its previously announced "bought deal" financing from C$60 million to C$75 million due to excess demand [1][2]. Group 1: Offering Details - The offering consists of three tranches of shares under the "listed issuer financing exemption," aiming for gross proceeds of approximately C$50 million, along with an additional private placement for approximately C$10 million [2]. - Following an amendment, the size of the Concurrent Private Placement has been increased by approximately C$15 million, resulting in a total of 5,230,200 Common Shares at a price of C$4.78 per share, yielding 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]. Group 2: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, particularly the Cariboo Gold Project in British Columbia, with additional projects in Utah and Mexico [6]. - The company's strategy emphasizes the development of long-life, socially and environmentally responsible mining assets while minimizing development risks [6].