Osisko Development Secures $24.2M in Private Placement

Osisko Development (TSE:ODV) has released an update.

Osisko Development Corp. has successfully closed the first tranche of its non-brokered private placement, raising US$24.2 million through the issuance of over 13 million units at US$1.80 each. The company, which focuses on gold development in North America, plans to use the proceeds to advance its Cariboo Gold Project and Tintic Project, as well as for general corporate purposes. A second tranche is expected to close in early October to meet additional demand, subject to regulatory approvals.

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