Osisko Development Secures C$82.5 Million for Canadian Mining Initiatives

Osisko Development raised C$82.5 million through a private placement to fund Canadian mining initiatives, particularly focusing on eligible exploration expenses in British Columbia.

• Osisko Development secured C$82.5 million in gross proceeds from a private placement of Flow-Through Shares, aimed at enhancing its Canadian mining projects.
• The offering was co-led by National Bank Financial Inc., BMO Capital Markets, and RBC Capital Markets, acting as underwriters and bookrunners for the deal.
• Funds raised will be allocated to eligible Canadian exploration expenses that qualify as flow-through mining expenditures under the Tax Act, enhancing investment in British Columbia.