Osisko Development Secures US$50 Million Funding to Commence Underground Development at Cariboo Gold Project [Yahoo! Finance]
Osisko Development Corp. Common Shares (ODV)
Company Research
Source: Yahoo! Finance
to announce the Company has entered into a credit agreement with National Bank of Canada (the " Lender ") providing for a US$50 million delayed draw term loan (the " Credit Facility "), through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. (" Barkerville The Credit Facility will be exclusively used to fund ongoing detailed engineering and pre-construction activities at the Company's 100%-owned Cariboo Gold Project (" Cariboo " or the " Project ") located in central British Columbia (" BC "), Canada. This includes the commencement of an underground development drift from the existing Cow Portal into the Project's mineral deposit at Lowhee Zone and extraction of 10,000 tonnes of material under an existing permit from the Province of BC. Sean Roosen, Chairman and CEO, commented, "We are very pleased to secure funding that will enable us to commence the development of a 1.2 kilometer underground drift at Cariboo and advance important design and engineering work ahead of the
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ODV
Sec Filings
- 4/29/24 - Form 6-K
- 4/29/24 - Form 6-K
- 3/29/24 - Form 40-F
- ODV's page on the SEC website