$ODV.V

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

Osisko Development Up 1.8% In US Premarket As Closes Offerings With US$300M In Total Gross Proceeds For Cariboo Gold Project Development

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) closed on May 29, 2026, an additional US$75.0 million aggregate principal amount of 4.125% convertible senior notes due 2031, the company said Monday.It consisted 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 and US$50.0 million aggregate principal amount of notes sold in a concurrent private placement, it added.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 total gross proceeds from the offerings were US$300.0 million, the company noted.Sean Roosen, Chairman and CEO, in a statement said: "We're very pleased to have executed on this opportunistic and strategic capital markets transaction, which we believe provides several key benefits to shareholders. By accessing senior unsecured capital at an attractive 4.125% coupon, we're able to bolster our balance sheet to support the development of the Cariboo Gold Project, fund continued pre-construction activities and accelerate momentum toward a final investment decision, while preserving meaningful financial and operational execution flexibility."To mitigate potential dilution impacts, we also entered into cash-settled capped call transactions that are structured to deliver the net effect of increasing the effective conversion premium price on the Notes from 25% to 100%, or double our share price immediately prior to announcement. The covenant-light and lower-cost structure provides an efficient source of capital relative to other traditional project financing alternatives, and carries no project-level security, completion tests, or restrictive financial constraints. Importantly, the Notes also provide flexible settlement mechanics, allowing for settlement in cash, shares, or combination thereof, at our election, as well as the ability to redeem the Notes early after three years, under certain conditions. These features provide additional flexibility to manage our capital structure over time as we continue to de-risk the Cariboo Gold Project."We are also very pleased with the strong participation from a broad new group of institutional investors, including some of the world's largest asset managers, which is expected to further enhance our market and liquidity profile, together with the continued support from our largest shareholder, Double Zero. We view this transaction as a strong endorsement of the company's unique value proposition and an important step in enhancing our strategic flexibility as we continue to advance Canada's next underground gold development project. With a significantly strengthened balance sheet, we are well funded to advance planned activities, including extensive infill and exploration drilling, with our focus firmly on project execution. We believe the next few years represent an exciting new chapter for Osisko Development, and we look forward to sharing future updates on our progress."The company said it estimates net proceeds from the offerings will be approximately US$290.0 million, after deducting commissions and estimated offering expenses, but before deducting the cost of capped call transactions entered into with certain financial institutions in connection with the offerings. The net proceeds are intended to be used to pay for the cost the capped call transactions, for the development of the Cariboo Gold Project and general corporate purposes. The purchase price of the capped call transactions was approximately US$40.2 million, it added.ODV was up $0.17 or 4.6% at $3.86 in Canada last Friday.

Osisko Development Closes Additional US$75M Aggregate Principal Amount of 4.125% Convertible Senior Notes Bringing Total Offer to US$300M

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 Now Off Restriction at National Bank of Canada

National Bank of Canada on Friday reiterated its outperform rating on the shares of Osisko Development (ODV.V) with a C$8.00 price target as it came off restriction after the miner priced a US$275.0 million notes offering.The offering consists of 4.125% convertible senior notes due 2031 at US$3.68, a 25% conversion premium to the May 20 close price being offered as a private placement to qualified institutional buyers.Osisko also granted initial purchasers of the notes an option to purchase up to an additional US$25.0 million.The offering and the private placement are expected to close May 26 and May 29, respectively.Price: $3.72, Change: $-0.04, Percent Change: -1.06%

Osisko Development Prices US$275 Million Convertible Senior Notes Offering

Osisko Development (ODV.V) has priced US$275.0 million of 4.125% convertible senior notes due 2031 in a private placement offering to qualified institutional buyers and in a concurrent private placement, the company said on Thursday.The notes priced with a conversion premium of about 25.0% to the last reported sale price per share of the company's common shares, no par value, at $2.94 per common share on the New York Stock Exchange on May 20.Qualified institutional buyers have agreed to purchase $225.0 million principal amount of the Notes in the offering. Double Zero Capital an affiliate of the company, has agreed to purchase $50.0 million aggregate principal amount in the concurrent private placement.Initial purchasers were granted an option to purchase, during a 13-day period starting and including the issuance date, up to an additional $25.0 million of notes.The offering and the private placement are expected to close on May 26 and May 29, respectively, subject to the satisfaction of customary closing conditions.Net proceeds are expected to be used for the development of the Cariboo gold project and for general corporate purposes.A portion of net proceeds will be used to purchase cash-settled capped calls to offset potential economic dilution at a cap price of $5.88 per share, representing a 100% premium to $2.94, being the last reported sale price of the company's common shares on the NYSE on May 20.

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 Appoints Greg Perrins as VP, Sustainable Development, Effective May 18, 2026