On August 15, 2025, Osisko Development Corp. completed a private placement of an aggregate of 99,065,330 units of the company at a price of US$2.05 per unit for aggregate gross proceeds of approximately US$203 million.
The offering was comprised of:
- a “bought deal” brokered private placement of 58,560,000 units for aggregate gross proceeds of approximately US$120 million, and
- (ii) a non-brokered private placement of 40,505,330 units for aggregate gross proceeds of approximately US$83 million.
Bennett Jones served as legal counsel to Osisko with a team led by Sander Grieve KC and Andrew Disipio (Capital Markets, Mining), alongside Simon Grant (Banking & Secured Transactions), Gatlin Smeijers (Environmental and Regulatory) and Mark Lewis (Commercial Real Estate), with a team that includes Yohanna Laurensia, Olivier Caron, Oscar Crawford-Ritchie and Asif Zalfackruddin (Capital Markets, Mining), Fatima Kawar, Kalkidan Legesse and Sophie Schaffer-Wood (Banking & Secured Transactions), Helen Cassie and Hannah Johnston (Commercial Real Estate).
Troutman, Pepper, Locke LLP acted as U.S. counsel to Osisko Development Corp. with a deal team that included Thomas M. Rose, Shona C. Smith, Jason L. Langford, and Joseph T. Cataldo.
Cassels Brock & Blackwell LLP acted as counsel to the underwriters with a deal team that included Chad Accursi, Kyle Simpson, Randall Blom, Maria Tapia, Danielle Hill, and Camély Gendron (Capital Markets and Mining).
Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as U.S. counsel to the underwriters with a deal team that included Christopher J. Cummings, Aaron J. Ambramson, and Jeremy Jingwei.