Osisko Shares Fall on Planned Convertible Notes Offering
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Osisko Development shares dropped 13% to $2.57 after announcing a $225 million convertible senior notes offering due 2031. The company aims to use proceeds for cash-settled capped call transactions and the Cariboo Gold project. The offering could lead to potential economic dilution upon conversion. Double Zero Capital expressed interest in purchasing up to $50 million of the notes.
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