09:08 AM EDT, 10/27/2025 (MT Newswires) -- Osisko Development ( ODV ) traded 1.5% lower at last look Monday in New York Stock Exchange pre-market trading as it acquired units of Falco Resources ( FPRGF ) in a bought deal private placement.

Osisko subsidiary Barkerville Gold Mines acquired 6.25 million units of Falco at C$0.32 apiece for an aggregate purchase price of $2 million, as part of an offering of 41,005,000 units by Falco.

Each unit consisted of one share of Falco and one-half of a warrant of Falco.

Following the offering, Osisko's stake in Falco stood at 15.9% on a basic non-diluted basis and 17.1% on a partially diluted basis, compared to 16.0% on a basic non-diluted basis and 16.5% on partially diluted basis prior to the offering.

Osisko Development ( ODV ) said it acquired the units for investment purposes.