$ODV

Osisko Development Plans to Change its Name to Osisko Gold Group. Shareholders to Vote on the Change at Its June 23 AGM

Osisko Development Closes US$225.0 Million Offering

Osisko Development (ODV.V), down 2.2% at last look in U.S. after-hours trading, said Tuesday it closed a private placement offering of US$225 million aggregate principal amount of 4.125% convertible senior notes due 2031.The company said net proceeds from the offering are expected to total about US$215.9 million after deducting commissions and estimated offering expenses, but before deducting the cost of capped call transactions.Osisko said the proceeds will be used to fund capped call transactions entered into with certain financial institutions in connection with the offering, as well as for the development of the Cariboo Gold Project and general corporate purposes.The company added that the initial purchasers of the notes have been granted an option to purchase up to an additional US$25 million aggregate principal amount of notes.Separately, Double Zero Capital LP, an affiliate of the company, agreed to purchase US$50 million aggregate principal amount of the notes in a concurrent private placement.Shares of the company were down US$0.06 to US$2.72 at last look in US after-hours trading, after closing C$0.01 down to C$3.84 on TSX Venture Exchange.

Osisko Development Down 15% After Hours as it Seeks US$275.0 Mln in a Convertible Senior Notes Offering

Osisko Development (ODV.V, ODV), was last seen down 15% in after-hours New York trading, after the company on Wednesday said it will raise US$275 million in an private-placement offering of convertible senior notes due 2031.The company did not specify the interest rates the notes will carry or the conversion price of shares.The company said it intends to grant the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$25.0 million aggregate principal amount of notes.Double Zero Capital, LP, an affiliate of the company, indicated an interest in purchasing up to US$50.0 million aggregate principal amount of notes in a separate concurrent private placement under Section 4(a)(2) of the Securities Act. The affiliate notes are expected to be sold at the same price, and constitute part of the same series, as the notes.The company expects to use the offering proceeds and the sale of the affiliate notes to pay the cost of the capped call transactions with certain financial institutions, for development of the Cariboo Gold Project, and for general corporate purposes.Company's shares dropped US$0.44 at last look to US$2.50 after hours, after closing up C$0.13 at C$4.00 on TSX Venture Exchange on Wednesday.

Osisko Development Plans Convertible Notes Offering

Osisko Development Corp (ODV) said late Wednesday it plans to offer $225 million of convertible senior notes due 2031 in a private placement.The company said it intends to grant initial purchasers an option to purchase up to an additional $25.0 million of the notes.Double Zero Capital, an affiliate of Osisko, has indicated an interest in buying up to $50.0 million of the notes in a separate concurrent private placement, it said.The firm said net proceeds will be used among others for Cariboo Gold Project development and general corporate purposes.

Earnings Flash (ODV) Osisko Development Corp. Reports Q1 Operating Loss of C$9.7M Vs $40.8M Loss in Q1 2025