Osisko Development Announces Non-Brokered Private Placement
OSISKO DEVELOPMENT ANNOUNCES NON-BROKERED
PRIVATE PLACEMENT
Montréal, September 4, 2024 – Osisko Development Corp. (" Osisko Development " or, the
"Company") (NYSE: ODV, TSXV: ODV) is pleased to announce a non-brokered private placement of
units of Osisko Development (" Units") at a price of USD $1.80 (the " Offering"), with each Unit
consisting of one common share of the Company (each, a "Common Share") and one Common Share
purchase warrant of the Company (each, a "Warrant"), with each Warrant entitling the holder thereof
to purchase one additional Common Share (each, a " Warrant Share") at a price of USD $3.00 per
Warrant Share for a period of 60 months following the Closing Date.
The Closing Date of the Offering is expected to occur on or about September 23, 2024, and is subject
to certain conditions including, but not limited to, the receipt of all necessary approvals, including the
conditional approval from the New York Stock Exchange and t he TSX Venture Exchange. The
securities issued pursuant to t he Offering will be subject to applicable hold periods, including a hold
period of four months and one day from the closing date of the Offering in accordance with applicable
Canadian securities laws. The Units may also be o ffered and sold in the United States on a private
placement basis pursuant to an exem ption from the registration requ irements of the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"). The Offering may be closed in multiple
tranches and is not subject to a minimum offering size.
The Company intends to use the net proceeds of the Offering towards the advancement of its Cariboo
Gold Project and Tintic Project, and for general corporate purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in
the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful. No
securities may be offered or sold in the United States or in any other jurisdiction in which such offer or
sale would be unlawful absent registration under the U.S. Securities Act, or an exemption therefrom or
qualification under the securities laws of such other jurisdiction or an exemption therefrom.
About Osisko Development Corp.
Osisko Development Corp. is a North Amer ican gold development co mpany focused on past-
producing mining camps located in mining friendly jurisdictions with district scale potential. The
Company's objective is to bec ome an intermediate gold producer by advancing its 100%-owned
Cariboo Gold Project, located in central B.C., Canada, the Tintic Project in t he historic East Tintic
mining district in Utah, U.S.A., and the San Antoni o Gold Project in Sonora, Mexico. In addition to
considerable brownfield exploration potential of these properties, that benefit from significant historical
mining data, existing infrastructure and access to skilled labour, the Company's project pipeline is
complemented by other prospective exploration properties. The Comp any's strategy is to develop
attractive, long-life, socially and environmentally sustainable mining assets, while minimizing exposure
to development risk and growing mineral resources.
For further information, visit our website at www.osiskodev.com or contact:
Sean Roosen
Chairman and CEO
Email: [email protected]
Tel: +1 (514) 940-0685
Philip Rabenok
Director, Investor Relations
Email: [email protected]
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). Su ch 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 use
of proceeds from the Of fering, the closing of the Offering and the ability to obtain the necessary
regulatory authority and 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 whic h may prove to be incorrect. Actual results could
differ materially due to a number of factors, including, without limitation, satisfying the requirements of
the TSX Venture Exchange (if at all). Although the Co mpany 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 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 release. No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.