Osisko Development announces C$30M bought deal offering

Osisko Development (ODV) is pleased to announce that it has entered into an agreement with certain underwriters, pursuant to which the underwriters have agreed to purchase, on a “bought deal” private placement basis pursuant to the LIFE Exemption, two tranches of flow-through shares for aggregate gross proceeds of C$30,010,020, as follows: National Flow-Through Shares: 2,990,000 common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) at a price of C$6.69 per FT Share for gross proceeds of C$20,003,100; and British Columbia Flow-Through Shares: 1,444,000 common shares of the Company to certain eligible British Columbia resident subscribers that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Tax Act at a price of C$6.93 per BC FT Share for gross proceeds of C$10,006,920. The Offering is expected to close on or about October 29, 2025.