Osisko Development Corp. Announces CDN $23 Million "Bought Deal" Private Placement of Flow-Through Shares

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[{"type":"text","content":"\n \n \n \n Osisko Development Corp. Announces CDN $23 Million \"Bought Deal\" Private Placement of Flow-Through Shares\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.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n \n \n \n \n \n \n Canada NewsWire\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 MONTRÉAL,\n \n Feb. 16, 2021\n \n /CNW/ - Osisko Development Corp. (\"\n \n Osisko Development\n \n \" or the \"\n \n Corporation\n \n \") (TSXV: ODV) is pleased to announce that it has entered into an engagement agreement as of\n \n February 16, 2021\n \n with Eight Capital, on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase, on a \"bought deal\" private placement basis, an aggregate of: (i) 884,000 flow-through shares of the Corporation (the \"\n \n FT Shares\n \n \") at a price of CDN\n \n $9.05\n \n per FT Share; and (ii) 1,334,500 charity flow-through shares of the Corporation (the \"\n \n Charity FT Shares\n \n \" and, together with the FT Shares, the \"\n \n Offered Shares\n \n \") at a price of CDN\n \n $11.24\n \n per Charity FT Share (together, the \"\n \n Offering\n \n \"), for aggregate gross proceeds of approximately CDN\n \n $23 million\n \n . The Offered Shares will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n )). In addition, the Underwriters have been granted an option, exercisable in whole or in part up to 48 hours prior to the closing of the Offering, to purchase up to 15% of the number o...

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