- Osisko Development Corp. (ODV) has successfully completed a bought-deal public offering for gross proceeds of $51.8 million
- The company issued an aggregate of 7,841,850 units at a price of $6.60 per unit, including the full exercise of the over-allotment option
- It plans to use the net proceeds of the offering to advance the development of its material mineral projects, including the Tintic Project and the Cariboo Gold Project
- Osisko Development Corp. is a premier North American gold development company
- Osisko Development Corp. was up 0.342 per cent, trading at $5.82 at 9:53 AM ET
Osisko Development Corp. (ODV) has successfully completed its previously-announced bought deal public offering for gross proceeds of $51.8 million.
The company issued a total of 7,841,850 units at a price of $6.60 per unit, including the full exercise of the agents’ over-allotment option.
Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $8.55 for a period of 36 months.
The offering was co-led by Eight Capital and National Bank Financial Inc., acting as co-lead underwriters and joint bookrunners, and on behalf of a syndicate of underwriters including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., Haywood Securities Inc., and PI Financial Corp.
Proceeds will be used to advance the development of its material mineral projects, including the Tintic Project and the Cariboo Gold Project.
Osisko Development Corp. is a North American gold development company focused on high-quality past-producing properties with district-scale potential.
Osisko Development Corp. (ODV) was up 0.342 per cent, trading at $5.82 at 9:53 AM ET.