• Additional Notes represent full exercise of Initial Purchasers' Option from previously announced Offering and closing of non-brokered private placement notes with Double Zero Capital
  • 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 used to purchase cash-settled capped calls to offset potential economic dilution by effectively increasing the conversion premium to 100% (from 25%)



     

MONTREAL, June 01, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE:ODV, TSXV:ODV) ("Osisko Development" or the "Company") announced today the closing on May 29, 2026 of an additional US$75.0 million aggregate principal amount of 4.125% convertible senior notes due 2031 (the "Notes"), consisting of US$25.0 million aggregate principal amount of Notes sold pursuant to the full exercise of the initial purchasers' option to purchase additional notes from the Company's previously announced offering (the "Initial Purchasers' Option") and US$50.0 million aggregate principal amount of Notes sold in a concurrent private placement (the "Private Placement") with Double Zero Capital, LP ("Double Zero") (the "Double Zero Notes"). Together with the Company's closing of its offering of US$225.0 million aggregate principal amount of Notes in a private placement on May 26, 2026 (the "Base Offering," and collectively with the Initial Purchasers' Option and the Private Placement, the "Offerings") total gross proceeds from the Offerings were US$300.0 million.