MONTREAL, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce, further to its news release dated October 1, 2024, that the first tranche of its offering was oversubscribed at the time of closing. The Company intends to seek to close further tranches of its non-brokered private placement for up to 13,888,888 units (the "Units") at a price of US$1.80 per Unit for additional gross proceeds to the Company of up to approximately US$25 million (the "Offering"), the maximum amount set out in the price reservation made by the Company under TSX Venture Exchange Rules. There is no minimum Offering size required to close further tranches of the Offering.