Osisko Development Corp. Completes Public Equity Offering

Paul, Weiss advised the underwriters in North American gold development company Osisko Development Corp.’s public offering of 40.6 million common shares, representing gross proceeds to Osisko of $144 million. The transaction involved a syndicate of underwriters led by National Bank Financial Inc., RBC Dominion Securities Inc. and Cantor Fitzgerald Canada Corporation. Montreal-based Osisko is focused on past-producing mining camps that could become productive again on a regional scale and are located in mining-friendly jurisdictions.

The Paul, Weiss team included corporate partner Christopher Cummings; tax partner Matthew Jordan; and environmental counsel William O’Brien.