Osisko Development Announces Proceeds of $24.9 Million From Warrant Exercise

Core Viewpoint - Osisko Development Corp. has raised approximately C$24.9 million through the exercise of common share purchase warrants by Appian Capital Advisory Limited, which supports the funding of its Cariboo Gold Project [1][2]. Group 1: Financial Details - The company received C$24.9 million from the exercise of 5,625,031 common share purchase warrants [1]. - The warrants were issued at an exercise price of C$4.43 per common share [2]. - The funds are part of a senior secured project loan credit facility totaling US$450 million for the development of the Cariboo Gold Project [2]. Group 2: Company Overview - Osisko Development Corp. is focused on gold development in North America, particularly in past producing mining camps with district-scale potential [3]. - The company's flagship project is the fully permitted, 100%-owned Cariboo Gold Project located in central British Columbia, Canada [3]. - The project pipeline also includes the Tintic Project in Utah, which has significant exploration potential and access to established infrastructure [3]. - The company aims to develop long-life mining assets while maintaining a disciplined approach to capital allocation and risk management [3].