Double Zero Participates in Osisko Development’s US$300-Million Convertible Notes Offering
On May 29, 2026, Osisko Development Corp. (NYSE: ODV, TSXV: ODV) closed an additional US$75 million aggregate principal amount of 4.125% convertible senior notes due 2031, bringing the total size of its previously announced private placement offering to US$300 million.
The additional issuance consisted of US$25 million of notes sold pursuant to the full exercise of the initial purchasers’ option and US$50 million of notes acquired by Double Zero Capital, LP in a concurrent non-brokered private placement. Double Zero’s investment was made pursuant to its pre-emptive rights and enables it to maintain its pro rata ownership interest in Osisko Development.
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, LP with a team led by Jeffrey Merk and Melanie Cole (Capital Markets).
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BioFull bio
With extensive experience in a broad range of corporate finance and commercial matters, Jeffrey offers clients a practical and business-minded approac...
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BioFull bio
Whether advising her clients on public and private financings, mergers and acquisitions or corporate commercial matters, Melanie takes a client-first ...
