Osisko Development Targets Additional Fundraising

Osisko Development (TSE:ODV) has released an update.

Osisko Development has announced that the first tranche of its non-brokered private placement was oversubscribed and it aims to close additional tranches to raise up to US$25 million. The funds are intended for further development of its Cariboo Gold and Tintic projects, repayment of debt, and general corporate purposes. No finder’s fees are associated with the offering, which includes common shares and purchase warrants.

For further insights into TSE:ODV stock, check out TipRanks’ Stock Analysis page.