Osisko Development Closes Previously-Announced CDN$40.3 Million "Bought Deal" Brokered Private Placement of Units

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[{"type":"text","content":"\n \n \n \n Osisko Development Closes Previously-Announced CDN$40.3 Million \"Bought Deal\" Brokered Private Placement of Units\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n MONTRÉAL,\n \n Dec. 30, 2020\n \n /CNW/ - Osisko Development Corp. (\"\n \n Osisko Development\n \n \" or the \"\n \n Corporation\n \n \") (TSX-V: ODV) is pleased to announce the successful completion of its previously-announced \"bought deal\" brokered private placement of 5,367,050 units of the Corporation (the \"\n \n Units\n \n \") at a price of\n \n CDN$7.50\n \n per Unit for aggregate gross proceeds of approximately\n \n CDN$40.3 million\n \n , including the exercise in full of the underwriters' option (the \"\n \n Offering\n \n \"). Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant of the Corporation, with each whole warrant entitling the holder thereof to acquire one common share of the Corporation at a price of\n \n CDN$10.00\n \n per share on or prior to\n \n December 1, 2023\n \n .\n \n \n \n \n \n \n \n \n \n The net proceeds of the Offering will be used to further develop the Cariboo Gold Project and other exploration assets of Osisko Development, and for general corporate purposes.\n \n \n The Offering was co-led by Canaccord Genuity Corp. and National Bank Financial Inc., on behalf of a syndicate of underwriters that included Eight Capital, RBC Dominion Securities Inc., CIBC World Markets Inc., Desjardins Securities Inc., PI Financial Corp...

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