Double Zero Participates in Osisko Development’s US$203-Million Private Placement Financing

On August 15, 2025, Osisko Development Corp. (NYSE: ODV, TSXV: ODV) completed its private placement of 99,065,330 units of the company for aggregate gross proceeds of approximately US$203 million. 

The offering was comprised of (i) 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. The non-brokered offering included an approximate US$75 million subscription by Double Zero Capital LP, a Delaware investment firm, representing approximately 15.4% of the issued and outstanding common shares of the company immediately following the closing of the offering, on a non-diluted basis.

Net proceeds from the offering are expected to be used for the development of Osisko’s Cariboo Gold Project in British Columbia, funding ongoing project advancement activities and for general corporate purposes.

Aird & Berlis represented Double Zero Capital with a team led by Jeffrey Merk and Melanie Cole (Capital Markets).