Jan. 26 at 11:07 PM
$ODV Osisko Development (ODV) on Monday said that it has agreed to a bought-deal public offering of about 35.3 million common shares at a price of
$3.54 per share, for gross proceeds of about
$125 million.
The company said the proceeds will be used to fund infill and exploration drilling at its Cariboo Gold Project and for general working capital purposes.
The underwriters have an option to buy up to an additional 5.3 million shares to cover over-allotments, the company said.
ODV -1.81% after hours to
$3.78.
