Osisko Development Closes US$57.5 Million Marketed Private Placement of Units
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Osisko Development Corp. has successfully closed a US$57.5 million private placement of units, with significant participation from Condire Investors, LLC, which now holds an 8.8% stake in the company. This move may influence the company's governance structure.
November 12, 2024 | 5:00 pm
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Osisko Development Corp. completed a US$57.5 million private placement, with Condire Investors acquiring an 8.8% stake. This could lead to changes in the company's governance structure.
The successful closing of the private placement strengthens Osisko Development's financial position and introduces a significant new shareholder, Condire Investors, which may influence future governance decisions. This is likely to be viewed positively by the market.
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IMPORTANCE 80
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