Osisko Development Corp. reported that on October 17, 2025, it acquired 6,250,000 units of Falco Resources Ltd. at a price of C$0.32 per unit, for an aggregate purchase price of C$2,000,000. This acquisition was made indirectly through its wholly-owned subsidiary, Barkerville Gold Mines Ltd., as part of a "bought deal" private placement by Falco.
Each unit acquired consisted of one common share of Falco and one-half of one common share purchase warrant. Following this transaction, Osisko Development now owns or controls, indirectly, an aggregate of 54,925,240 common shares and 4,915,000 warrants of Falco.
This represents approximately 15.9% of Falco's issued and outstanding common shares on a basic non-diluted basis. Osisko Development stated that these securities were acquired for investment purposes, indicating a strategic interest in Falco Resources Ltd.
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