Osisko Development Announces C$30 Million Bought Deal Life Offering of National and BC Flow-Through Shares
Osisko Development (ODV) entered a bought‑deal C$30,010,020 life offering of flow‑through shares in two tranches: 2,990,000 National FT Shares at C$6.69 for C$20,003,100 and 1,444,000 BC FT Shares at C$6.93 for C$10,006,920.
Proceeds will fund eligible Canadian exploration expenses on the company’s British Columbia properties, to be incurred by Dec 31, 2026 and renounced with an effective date no later than Dec 31, 2025. Closing is expected on or about Oct 29, 2025, subject to regulatory approvals including TSXV and NYSE; closing must occur within 45 days. The underwriters receive a 4.50% cash commission. Flow‑through shares issued under the LIFE Exemption will not be subject to a statutory hold period.
Osisko Development (ODV) ha avviato un'offerta di tipo bought‑deal di C$30,010,020 in due tranche: 2,990,000 National FT Shares a C$6.69 per C$20,003,100 e 1,444,000 BC FT Shares a C$6.93 per C$10,006,920.
I proventi saranno destinati a spese di esplorazione canadesi idonee sulle proprietà della società in British Columbia, da sostenere entro il 31 dicembre 2026 e rinunciati con data di efficacia non oltre il 31 dicembre 2025. La chiusura è prevista indicativamente entro il 29 ottobre 2025, soggetta ad approvazioni regolamentari tra cui TSXV e NYSE; la chiusura deve avvenire entro 45 giorni. Gli underwriter riceveranno una commissione in contanti del 4,50%. Le azioni flow‑through emesse nell'ambito dell'ESENZIONE LIFE non saranno soggette a un periodo di detenzione statutario.
Osisko Development (ODV) realizó una oferta adquirida de C$30,010,020 en dos tramos: 2,990,000 National FT Shares a C$6.69 por C$20,003,100 y 1,444,000 BC FT Shares a C$6.93 por C$10,006,920.
Los ingresos financiarán gastos de exploración canadienses elegibles en las propiedades de la empresa en Columbia Británica, a incurrir antes del 31 de diciembre de 2026 y renunciados con una fecha de efecto no posterior al 31 de diciembre de 2025. Se espera que el cierre ocurra aproximadamente el 29 de octubre de 2025, sujeto a aprobaciones regulatorias, incluidas TSXV y NYSE; el cierre debe ocurrir dentro de 45 días. Los suscriptores recibirán una comisión en efectivo del 4,50%. Las acciones tipo flow‑through emitidas bajo la Exención LIFE no estarán sujetas a un periodo de retención estatutario.
Osisko Development (ODV)가 2회에 걸친 매입형 딜(bought‑deal)로 C$30,010,020의 주식 공모를 진행했습니다: 2,990,000 National FT Shares는 C$6.69에, 1,444,000 BC FT Shares는 C$6.93에 각각 C$20,003,100, C$10,006,920를 모았습니다.
수익금은 회사의 브리티시컬럼비아 주 자산에 대한 캐나다 탐사비용에 해당하는 자격이 있는 비용으로 사용되며, 2026년 12월 31일까지 발생해야 하고 2025년 12월 31일 이전에 효력이 인정됩니다. 마감은 대략 2025년 10월 29일경에 이르며 TSXV 및 NYSE를 포함한 규제 승인에 따라 달라지며; 마감은 45일 이내에 이루어져야 합니다. 주관사는 현금 수수료로 4.50%를 받습니다. LIFE 면제 하에 발행된 플로우‑스루 주식은 법적 보유 기간의 적용을 받지 않습니다.
Osisko Development (ODV) a lancé une offre acheteuse de type bought‑deal d’un montant de C$30 010 020 répartie en deux tranches : 2 990 000 National FT Shares à C$6,69 pour C$20 003 100 et 1 444 000 BC FT Shares à C$6,93 pour C$10 006 920.
Le produit servira à financer des frais d’exploration canadiens éligibles sur les propriétés de la société en Colombie-Britannique, à engager d’ici le 31 décembre 2026 et renoncés avec une date d’effet au plus tard le 31 décembre 2025. La clôture est prévue vers le 29 octobre 2025, sous réserve des approbations réglementaires incluant le TSXV et le NYSE; la clôture doit survenir dans 45 jours. Les preneurs fermes recevront une commission en espèces de 4,50%. Les actions flow‑through émises dans le cadre de l’EXEN LIFE ne seront pas soumises à une période de détention statutaire.
Osisko Development (ODV) hat eine Bought‑Deal‑Emission über C$30,010,020 in zwei Tranchen angekündigt: 2,990,000 National FT Shares zu C$6,69 für C$20,003,100 und 1,444,000 BC FT Shares zu C$6,93 für C$10,006,920.
Die Mittel dienen der Finanzierung von berechtigten kanadischen Explorationsausgaben auf den British‑Columbia‑Besitztümern des Unternehmens, die bis zum 31. Dezember 2026 anfallen und mit einem Wirksamkeitsdatum nicht später als 31. Dezember 2025 renuntiert werden. Der Abschluss wird voraussichtlich um den 29. Oktober 2025 erfolgen, vorbehaltlich behördlicher Genehmigungen einschließlich TSXV und NYSE; der Abschluss muss innerhalb von 45 Tagen erfolgen. Die Underwriter erhalten eine Barkommission von 4,50%. Flow‑Through‑Aktien, die unter der LIFE‑Ausnahme ausgegeben werden, unterliegen keiner gesetzlich vorgeschriebenen Haltefrist.
Osisko Development (ODV) أطلقت عرضاً شراءً مُباشراً من فئة Bought‑Deal بقيمة C$30,010,020 على شكل أسهم من نوع Flow‑Through في سلسلتين: 2,990,000 National FT Shares بسعر C$6.69 لإجمالي C$20,003,100، و1,444,000 BC FT Shares بسعر C$6.93 لإجمالي C$10,006,920.
سيتم استخدام العائدات لتغطية نفقات الاستكشاف الكندية المؤهلة على ممتلكات الشركة في كولومبيا البريطانية، لتُنفّذ بحلول 31 ديسمبر 2026 وتُعترف بفعاليته في تاريخ لا يتجاوز 31 ديسمبر 2025. من المتوقع الإغلاق في نحو 29 أكتوبر 2025، مع خضوعه للموافقات التنظيمية بما في ذلك TSXV وNYSE؛ يجب أن يتم الإغلاق خلال 45 يوماً. يتلقى المُتعهّدون عمولة نقدية بنسبة 4.50%. الأسهم من نوع Flow‑Through المصاغة بموجب استثناء LIFE لن تكون خاضعة لفترة حجز تنظيمية.
Osisko Development (ODV) 以买入交易方式宣布了一项总额为 C$30,010,020 的两阶段流通股发行：2,990,000 名 National FT Shares，价格为 C$6.69，总额 C$20,003,100；以及 1,444,000 名 BC FT Shares，价格为 C$6.93，总额 C$10,006,920。
募集资金将用于公司在不列颠哥伦比亚省资产的符合条件的 加拿大探矿支出，须在 2026 年 12 月 31 日前发生并自 2025 年 12 月 31 日起生效。预计于 2025 年 10 月 29 日左右完成，需获得包括 TSXV 与 NYSE 在内的监管批准；完成应在 45 天内进行。承销商将获得 4.50% 的现金佣金。根据 LIFE 免税豁免发行的 Flow‑Through 股将不受法定持有期约束。
- Raises C$30.01M earmarked for exploration expenditures
- Allocates C$10.01M specifically for British Columbia projects
- Flow‑through tax treatment enables investor tax deductions
- Shares issued under LIFE Exemption have no statutory hold
- Issues 4,434,000 new shares, causing shareholder dilution
- Underwriter commission of 4.50% reduces net proceeds
- Closing conditional on regulatory approvals, adding execution risk
- Closing required within 45 days, creating a tight timeline
Insights
Osisko Development secured a C$30.01M flow-through bought deal to fund BC exploration, closing expected by
Raised proceeds total
The financing strengthens near-term funding for exploration on the company's British Columbia properties and removes certain tax liabilities by renouncement to purchasers. Dependencies include receipt of regulatory approvals and closing conditions, with the latest permissible Closing Date within 45 days of the release. Watch the closing on or about
MONTREAL, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that it has entered into an agreement with certain underwriters, pursuant to which the underwriters have agreed to purchase (or arrange for substituted purchasers to purchase), on a "bought deal" private placement basis pursuant to the LIFE Exemption (as defined herein), two tranches of flow-through shares for aggregate gross proceeds of C
- National Flow-Through Shares: 2,990,000 common shares of the Company (the "FT Shares") that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") 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 (the "BC FT Shares", and together with the FT Shares, the "Flow-Through Shares") 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 Company will use an amount equal to the aggregate gross proceeds of the Offering to incur eligible "Canadian exploration expenses" that will qualify as (i) "flow-through mining expenditures" within the meaning of the Tax Act, and (ii) in respect of the BC FT Shares purchased by eligible British Columbia purchasers, "BC flow-through mining expenditures" that meet the criteria set forth in subsection 4.721(1) of the Income Tax Act (British Columbia), in respect of the exploration activities on the Company's properties in British Columbia (the "Qualifying Expenditures"). The Qualifying Expenditures will be incurred on or before December 31, 2026 and will be renounced by the Company to the initial purchasers of the Flow-Through Shares with an effective date no later than December 31, 2025.
The Offering is expected to close on or about October 29, 2025 (the "Closing Date"), and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the conditional approval of the TSX Venture Exchange and the New York Stock Exchange. Notwithstanding the foregoing, the Closing Date must occur no later than the 45th day following the date of this news release.
The Offering will be made pursuant to the listed issuer financing exemption available under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "LIFE Exemption") in each of the provinces and territories of Canada. The Flow-Through Shares may also be offered (or re-offered) in such offshore jurisdictions as may be agreed to by the Company and the underwriters pursuant to available prospectus or registration exemptions in accordance with applicable laws provided that no prospectus filing or comparable obligation arises in connection with the sale of the Flow-Through Shares in such other jurisdiction. The Flow-Through Shares issued under the LIFE Exemption will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.
In consideration for their services, the Company has agreed to pay the underwriters a cash commission equal to
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom.
ABOUT OSISKO DEVELOPMENT CORP.
Osisko Development Corp. is a continental North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its flagship permitted
For further information, visit our website at www.osiskodev.com or contact:
| Sean Roosen | Philip Rabenok |
| Chairman and CEO | Vice President, Investor Relations |
| Email: sroosen@osiskodev.com | Email: prabenok@osiskodev.com |
| Tel: +1 (514) 940-0685 | Tel: +1 (437) 423-3644 |
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward- looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements in this news release may include, without limitation, statements pertaining to: the size of the Offering, the use of the net proceeds from the Offering, the closing of the Offering, the tax treatment of the Flow-Through Shares, the timing and ability of the Company to renounce the Qualifying Expenditures and the ability to obtain the necessary regulatory authority approvals. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Actual results could differ materially due to a number of factors, including, without limitation, marketing of the Offering, and satisfying the condition of closing of the Offering, including the requirements of the New York Stock Exchange and the TSX Venture Exchange (if at all). Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FAQ
What is the size and structure of Osisko Development's C$30M offering (ODV)?
When will the ODV flow‑through offering close and what conditions apply?
How will Osisko Development (ODV) use proceeds from the flow‑through offering?
What tax or hold‑period features apply to the ODV flow‑through shares?
What cost does the underwriting add to Osisko Development's offering (ODV)?
How many new shares will Osisko Development issue in the C$30M financing?
