.jpg)
3 hours ago
2
Article content
MONTREAL, Oct. 27, 2025 (GLOBE NEWSWIRE) — Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (“Osisko Development” or the “Company“) reports that, on October 17, 2025, Osisko Development acquired, indirectly through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. (“BGM“), 6,250,000 units of Falco Resources Ltd. (“Falco“) (each, a “Unit“) at a price of C$0.32 per Unit for an aggregate purchase price of C$2,000,000, in connection with a “bought deal” private placement of 41,005,000 Units completed by Falco (the “Offering“). Each Unit consisted of one common share of Falco (each, a “Common Share“) and one-half of one Common Share purchase warrant of Falco (each whole warrant, a “Warrant“).
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
Immediately prior to the Offering, Osisko Development owned or controlled, indirectly through its wholly-owned subsidiary, BGM, an aggregate of 48,675,240 Common Shares and 1,790,000 Warrants (collectively, the “Prior Warrants“), representing approximately (i) 16.0% of the issued and outstanding Common Shares on a basic non-diluted basis, and (ii) 16.5% of the issued and outstanding Common Shares on a partially diluted basis (assuming, for this purpose, only the exercise in full of the Prior Warrants).
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
As a result of and immediately following completion of the Offering, Osisko Development owned or controlled, indirectly through its wholly-owned subsidiary, BGM, an aggregate of 54,925,240 Common Shares and 4,915,000 Warrants (collectively, the “Current Warrants“), representing approximately (i) 15.9% of the issued and outstanding Common Shares on a basic non-diluted basis, and (ii) 17.1% of the issued and outstanding Common Shares on a partially diluted basis (assuming, for this purpose, only the exercise in full of the Current Warrants).
Article content
Article content
An early warning report in respect of Falco will be filed by Osisko Development with applicable Canadian securities regulatory authorities and will be available on SEDAR+ (www.sedarplus.ca) under Falco’s issuer profile. To obtain copies of the early warning report filed by Osisko Development, please contact Philip Rabenok by telephone at (437) 423-3644 or by email at [email protected].
Article content
The securities were acquired by Osisko Development for investment purposes. Osisko Development and its affiliates or any joint actors may, from time to time and at any time, acquire additional Common Shares and/or other equity, debt or other securities or instruments of Falco (collectively, “Securities“) in the open market or otherwise, and reserves the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of Falco and other relevant factors.
Article content
ABOUT
OSISKO
DEVELOPMENT
CORP.
English (US)