Osisko Development’s $103.5 Million Private Placement

Cassels Brock & Blackwell LLP acted for the underwriters.

On March 2, 2022, Osisko Development Corp. closed a bought deal brokered private placement of 13,732,900 subscription receipts and 9,525,850 units at a price of $4.45 per offered security, for aggregate gross proceeds of approximately $103.5 million, which includes the full exercise of the underwriters’ option.

The offering was co-led by Eight Capital, BMO Nesbitt Burns Inc. and National Bank Financial Inc., acting as co-lead underwriters and joint bookrunners, and on behalf of a syndicate of underwriters including Canaccord Genuity Corp., RBC Capital Markets, PI Financial Corp., and Desjardins Securities Inc.

Osisko Development (CVE:ODV) is a newly created premier North American gold mining company mainly focused on developing a mining camp in Canada.

The Cassels’ team included Chad Accursi (Picture), James Lyle, Jasmine Qin, Aamir Chherawala, Layla Makhzoumi and Ilan Farber. 


Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Aamir Chherawala – Cassels Brock & Blackwell LLP; James Lyle – Cassels Brock & Blackwell LLP; Layla Makhzoumi – Cassels Brock & Blackwell LLP; Jasmine Qin – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: BMO Nesbitt Burns Inc; Canaccord Genuity; Desjardins Securities Inc.; Eight Capital Inc.; National Bank Financial Inc.; PI Financial Corp.; RBC Capital Markets;

Sonia Carcano

Author: Sonia Carcano