Osisko Development Corp V.ODV

Closes First Tranche of Previously-Announced Non-Brokered PP

[Betteryear2]

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MONTRAL, March 04, 2022 (GLOBE NEWSWIRE) -- Osisko Development Corp. ("Osisko Development" or the "Company") (TSXV: ODV) is pleased to announce the successful closing of the first tranche of the Company's previously-announced non-brokered private placement, pursuant to which a total of 24,215,099 subscription receipts of the Company (the "Subscription Receipts") were issued at a price of US$3.50 per Subscription Receipt, for gross proceeds of approximately US$84.8 million (the "Offering"). The Company anticipates closing a second tranche of the Offering in late March 2022, pursuant to which an additional up to US$25.5 million of Subscription Receipts may be issued to accommodate additional interest for the Subscription Receipts.
 

Osisko Development Closes First Tranche of Previously-Announced Non-Brokered Private Placement for Gross Proceeds of US$84.8 Million

[satchmo6]

as usual ----CIBC     and anonymous were painting the tape guess who is playing CHICKEN