Osisko Development (TSE:ODV) has released an update.
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Osisko Development has announced the final closure of its non-brokered private placement, reaching total proceeds of approximately US$34.5 million. The funds will support the advancement of their Cariboo and Tintic gold projects, repay part of its existing credit facility, and for general corporate purposes. The offering consisted of over 19 million units, each including one common share and a purchase warrant, contributing to the company’s growth strategy in mining-friendly jurisdictions.
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