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Osisko Development closes additional US$75 million 4.125% convertible senior notes, bringing total to US$300 million

PUBT·06/01/2026 12:15:31
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Osisko Development closes additional US$75 million 4.125% convertible senior notes, bringing total to US$300 million
  • Osisko Development closed an additional USD 75 million of 4.125% convertible senior notes due 2031, lifting total gross proceeds to USD 300 million.
  • Incremental issuance included USD 25 million from full exercise of the initial purchasers’ option, plus USD 50 million in a private placement with Double Zero.
  • Net proceeds estimated at about USD 290 million before capped call costs; funds earmarked for Cariboo Gold Project development, capped calls, general corporate purposes.
  • Capped call transactions priced at about USD 40.2 million, structured to raise the effective conversion premium to 100% from 25%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Osisko Development Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606010815PRIMZONEFULLFEED9729390) on June 01, 2026, and is solely responsible for the information contained therein.