Osisko Development Prices $275M 4.125% Convertible Senior Notes At 25% Premium To Fund Cariboo Gold Project

Osisko Development Corp

ODV

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Opportunistic capital raise with net proceeds expected to be used for the development of the Cariboo Gold Project and general corporate purposes
A portion of net proceeds expected to be used to purchase cash-settled capped calls to offset potential economic dilution at a cap price of US$5.88 per share, representing a 100% premium to US$2.94, being the last reported sale price of the Company's common shares on the NYSE on May 20, 2026

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