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Osisko Development Corp.
Response Received
2 company response(s)
High - file number match
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Company responded
2025-10-15
Osisko Development Corp.
References: September 30,
2025
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Osisko Development Corp.
Awaiting Response
0 company response(s)
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Summary
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2025-12-12 | Company Response | Osisko Development Corp. | Canada (Federal Level) | N/A | Read Filing View |
| 2025-10-15 | Company Response | Osisko Development Corp. | Canada (Federal Level) | N/A | Read Filing View |
| 2025-09-30 | SEC Comment Letter | Osisko Development Corp. | Canada (Federal Level) | 333-290216 | Read Filing View |
| 2025-04-21 | SEC Comment Letter | Osisko Development Corp. | Canada (Federal Level) | 005-93873 | Read Filing View |
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2025-09-30 | SEC Comment Letter | Osisko Development Corp. | Canada (Federal Level) | 333-290216 | Read Filing View |
| 2025-04-21 | SEC Comment Letter | Osisko Development Corp. | Canada (Federal Level) | 005-93873 | Read Filing View |
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2025-12-12 | Company Response | Osisko Development Corp. | Canada (Federal Level) | N/A | Read Filing View |
| 2025-10-15 | Company Response | Osisko Development Corp. | Canada (Federal Level) | N/A | Read Filing View |
2025-12-12 - CORRESP - Osisko Development Corp.
CORRESP 1 filename1.htm OSISKO DEVELOPMENT CORP. 1100 Avenue des Canadiens-de-Montreal Suite 300 Montreal, Quebec H3B 2S2 Canada VIA EDGAR December 12, 2025 Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attn: Michael Purcell Re: Osisko Development Corp. Registration Statement on Form F-3 (File No. 333-290216) Request for Acceleration of Effective Date Ladies and Gentlemen: Pursuant to Rule 461 under the Securities Act of 1933, as amended, Osisko Development Corp. (the "Company") hereby requests that the Securities and Exchange Commission (the "Commission") accelerate the effective date of the above-referenced Registration Statement on Form F-3 (the "Registration Statement") so that the Registration Statement will be declared effective as of 4:30 p.m. Eastern time, on December 15, 2025, or as soon as practicable thereafter. The Company hereby authorizes Alexander T. Yarbrough or Thomas M. Rose, both of whom are attorneys at the Company's outside legal counsel, Troutman Pepper Locke LLP, to orally modify or withdraw this request for acceleration. Once the Registration Statement has been declared effective, please orally confirm that event with Mr. Yarbrough at (704) 998-4077 or Mr. Rose at (757) 687-7715. Thank you for your assistance in this matter. Sincerely, Osisko Development Corp. /s/ Alexander Dann Name: Alexander Dann Title: Chief Financial Officer cc (via email): Thomas M. Rose, Troutman Pepper Locke LLP Shona Smith, Troutman Pepper Locke LLP Alexander T. Yarbrough, Troutman Pepper Locke LLP
2025-10-15 - CORRESP - Osisko Development Corp.
CORRESP 1 filename1.htm October 15, 2025 VIA EDGAR U.S. Securities and Exchange Commission 100 F. Street, N.E. Washington, D.C. 20549 Attention: Michael Purcell and Irene Barberena-Meissner Re: Osisko Development Corp. Registration Statement on Form F-3 Filed September 12, 2025 File No. 333-290216 Ladies and Gentlemen: I am submitting this letter on behalf of Osisko Development Corp. (the " Company "), in response to the written comments of the staff (the " Staff ") of the U.S. Securities and Exchange Commission (the " SEC "), contained in the Staff's letter, dated September 30, 2025 (the " Comment Letter "), in connection with the Company's Registration Statement on Form F-3, filed with the SEC on September 12, 2025 (the " Form F-3 Registration Statement "). For your convenience, the Company's responses are set forth below, with the headings and numbered items of this letter corresponding to the headings and numbered items contained in the Comment Letter. Each of the comments from the Comment Letter is restated in bold and italics prior to the Company's response. Registration Statement on Form F-3 General 1. We note you have incorporated by reference your Annual Report on Form 40-F for fiscal year ended December 31, 2024, as well as your NI 43-101 Technical Report, Feasibility Study for the Cariboo Gold Project on Form 6-K, which does not provide the mining disclosure requirements of subpart 1300 of Regulation S-K and the technical report summary requirements in Item 601(b)(96). See for example the technical report summary required under Item 1302(b)(2) of Regulation S-K. Section II.H.1.i. of the Final Rule "Modernization of Property Disclosures for Mining Registrants" (October 31, 2018) provides "the sole group of Canadian registrants that could continue to report pursuant to Canadian disclosure requirements following adoption of the revised mining disclosure rules would be those Canadian issuers that report pursuant to the Multijurisdictional Disclosure System (‘MJDS')." Please provide us with your analysis supporting your determination that you are currently eligible to file under the MJDS. Under the MJDS, Form 40-F may be used to file an Annual Report with the SEC pursuant to Section 13(a) of the U.S. Exchange Act of 1934, as amended, and Rule 13a-3 thereunder if the following conditions are met: Osisko Development Corp. 1100, av des Canadiens-de-Montreal Suite 300, P.O. Box 211 Montreal, QC H3B 2S2 1 of 4 (i) the registrant is incorporated or organized under the laws of Canada or any Canadian province or territory; (ii) the registrant is a foreign private issuer; (iii) the registrant has been subject to the periodic reporting requirements of any securities commission or equivalent regulatory authority in Canada for a period of at least 12-calendar months immediately preceding the filing of the Form and is then currently in compliance with such obligations; and (iv) the aggregate market value of the public float of the registrant's outstanding equity shares is US$75 million or more. The Company satisfied these requirements at the time of filing its Annual Report on Form 40-F with the SEC on March 31, 2025, would have satisfied them at the time of filing the Form F-3 Registration Statement with the SEC (if it had been required to satisfy such requirements), and currently satisfies these requirements. Jurisdiction of Organization The Company is organized under the federal laws of Canada. Foreign Private Issuer Status The Company is a "foreign private issuer" as defined in Rule 405 under the U.S. Securities Act of 1933, as amended (the " Securities Act "). As at both June 28, 2024 (which would have been the last business day of the most recently completed second fiscal quarter as at the time of filing its Annual Report on Form 40-F on March 31, 2025) and June 30, 2025 (which would have been the last business day of the most recently completed second fiscal quarter as at the time of filing the Form F-3 Registration Statement): (i) neither a majority of the Company's executive officers or a majority of its directors were U.S. citizens or residents; (ii) the Company did not have more than 50% of its assets located in the United States; and (iii) the business of the Company was not administered principally in the United States. As a result of not meeting any of the tests set forth in paragraph (1)(ii) of the definition of "foreign private issuer" in Rule 405 under the Securities Act as at the applicable assessment dates, the Company was not required to assess whether more than 50% of its outstanding voting securities were directly or indirectly held of record by residents of the United States as at such assessment dates. The Company is a "foreign private issuer" under the definition, as determined at the applicable assessment dates. Periodic Reporting in Canada The Company has been subject to the periodic reporting requirements of multiple securities commissions in Canada (including Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Québec and Saskatchewan) for a period of at least 12 calendar months before filing the Form 40-F. The Company's public filings can be found on the System for Electronic Data Analysis and Retrieval+ (SEDAR+) of the Canadian Securities Administrators at www.sedarplus.ca under the Company's profile. Osisko Development Corp. 1100, av des Canadiens-de-Montreal Suite 300, P.O. Box 211 Montreal, QC H3B 2S2 2 of 4 Public Float The aggregate market value of the "public float" (as defined in Form 40-F) of the Company's outstanding common shares, as at a date within 60 days prior to the filing date of the Form 40-F on March 31, 2025, was more than US$75 million. For purposes of Form 40-F: · the "public float" of specified securities shall mean only such securities held by persons other than affiliates of the issuer; · an "affiliate" of a person is anyone who beneficially owns, directly or indirectly, or exercises control or direction over, more than 10% of the outstanding equity shares of such person, with the determination of a person's affiliates to be made as of the end of such person's most recently completed fiscal year; · "equity shares" mean common shares, non-voting equity shares and subordinate or restricted voting equity shares, but shall not include preferred shares; and · the market value of outstanding equity shares (whether or not held by affiliates) shall be computed by use of the price at which the shares were last sold, or the average of the bid and asked prices of such shares, in the principal market for such shares as of a date within 60 days prior to the date of filing. On March 28, 2025 (the last business day prior to filing the Annual Report on Form 40-F on March 31, 2025), there were 136,621,488 common shares of the Company (the only "equity shares" of the Company) issued and outstanding. Based on public filings and other information available to the Company, the only "affiliate" (as defined in Form 40-F and described above) of the Company as at December 31, 2024 (the end of the Company's most recently completed fiscal year, as required by Form 40-F) was OR Royalties Inc. (formerly, Osisko Gold Royalties Ltd). Based on information available to the Company, OR Royalties Inc. held 33,333,366 common shares of the Company as at March 28, 2025. On March 28, 2025, the closing price of the Company's common shares on the New York Stock Exchange (the Company's primary trading market) was US$1.49. As a result, the "public float" for purposes of Form 40-F was [136,621,488 – 33,333,366] X US$1.49 = US$153,899,301. If the public float were calculated as at September 11, 2025, the date immediately prior to filing of the Form F-3 Registration Statement on September 12, 2025, there were 238,586,763 common shares of the Company issued and outstanding, there were 33,333,366 common shares of the Company held by OR Royalties Inc., the only "affiliate" (as defined in Form 40-F, and determined as at December 31, 2024 as required by Form 40-F) of the Company, and the closing price of the Company's common shares on the Osisko Development Corp. 1100, av des Canadiens-de-Montreal Suite 300, P.O. Box 211 Montreal, QC H3B 2S2 3 of 4 New York Stock Exchange (the Company's primary trading market) was US$3.13. As a result, the "public float" for purposes of Form 40-F was [238,586,763 – 33,333,366] X US$3.13 = US$642,443,132. If the public float were calculated as at October 14, 2025, the date immediately prior to the date of this letter, there were 239,629,235 common shares of the Company issued and outstanding, there were 33,333,366 common shares of the Company held by OR Royalties Inc., the only "affiliate" (as defined in Form 40-F, and determined as at December 31, 2024 as required by Form 40-F) of the Company, and the closing price of the Company's common shares on the New York Stock Exchange (the Company's primary trading market) was US$3.59. As a result, the "public float" for purposes of Form 40-F was [239,629,235 – 33,333,366] X US$3.59 = US$740,602,169. MJDS Eligibility Because the Company satisfies all of the above requirements set forth in Form 40-F (which are also substantially identical to those set forth in Form F-10 under the MJDS) as at the various dates set forth above, the Company was and is eligible to file under the MJDS. * * * We thank you for your prompt attention to this letter responding to the Staff's Comment Letter and look forward to hearing from you at your earliest convenience. Please direct any questions concerning this filing to the undersigned at +1 514-607-6045 or lfarmer@osiskodev.com . Sincerely, ____ _/s/ Laurence Farmer_ _______ Laurence Farmer General Counsel and Vice President, Strategic Development OSISKO DEVELOPMENT CORP. cc: Via Email Thomas M. Rose, Troutman Pepper Locke LLP Shona C. Smith, Troutman Pepper Locke LLP Osisko Development Corp. 1100, av des Canadiens-de-Montreal Suite 300, P.O. Box 211 Montreal, QC H3B 2S2 4 of 4
2025-09-30 - UPLOAD - Osisko Development Corp. File: 333-290216
September 30, 2025
Sean Roosen
Chief Executive Officer
Osisko Development Corp.
1100 Avenue des Canadiens-de-Montréal
Suite 300
Montréal, Québec
H3B 2S2
Canada
Re:Osisko Development Corp.
Registration Statement on Form F-3
Filed September 12, 2025
File No. 333-290216
Dear Sean Roosen:
We have conducted a limited review of your registration statement and have the
following comments.
Please respond to this letter by amending your registration statement and providing
the requested information. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information
you provide in response to this letter, we may have additional comments.
Registration Statement on Form F-3
General
We note you have incorporated by reference your Annual Report on Form 40-F for
fiscal year ended December 31, 2024, as well as your NI 43-101 Technical Report,
Feasibility Study for the Cariboo Gold Project on Form 6-K, which does not provide
the mining disclosure requirements of subpart 1300 of Regulation S-K and the
technical report summary requirements in Item 601(b)(96). See for example the
technical report summary required under Item 1302(b)(2) of Regulation S-K. Section
II.H.1.i. of the Final Rule “Modernization of Property Disclosures for Mining
Registrants” (October 31, 2018) provides "the sole group of Canadian registrants that 1.
September 30, 2025
Page 2
could continue to report pursuant to Canadian disclosure requirements following
adoption of the revised mining disclosure rules would be those Canadian issuers that
report pursuant to the Multijurisdictional Disclosure System (‘MJDS’)."
Please provide us with your analysis supporting your determination that you are
currently eligible to file under the MJDS.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
Please contact Michael Purcell at 202-551-5351 or Irene Barberena-Meissner at 202-
551-6548 with any questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc:Thomas Rose
2025-04-21 - UPLOAD - Osisko Development Corp. File: 005-93873
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> April 21, 2025 Ryan Schedler Reporting Person Condire Management, LP 1717 McKinney Ave., Suite 850 Dallas, TX, 75202 Re: Osisko Development Corp. Schedule 13D filed February 4, 2025 by Ryan Schedler et. al File No. 005-93873 Dear Ryan Schedler: We have conducted a limited review of the above-captioned filing and have the following comment. Please respond to this letter by amending the filing or by providing the requested information. If you do not believe our comment applies to your facts and circumstances or that an amendment is appropriate, please advise us why in a response letter. After reviewing any amendment to the filing and any information provided in response to this comment, we may have additional comments. Schedule 13D filed February 4, 2025 General 1. We note that the event reported as requiring the filing of the Schedule 13D was November 7, 2024. Rule 13d-1(a) of Regulation 13D-G requires the filing of a Schedule 13D within five business days after the date beneficial ownership of more than five percent of a class of equity securities specified in Rule 13d-1(i)(1) was acquired. Based on the November 7, 2024 event date, the Schedule 13D submitted on February 4, 2025 was not timely filed. Please advise us why the Schedule 13D was not filed within the required five business days after the date of the acquisition. We remind you that the filing persons are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please direct any questions to Blake Grady at 202-551-8573 or Nicholas Panos at 202-551-3266. April 21, 2025 Page 2 Sincerely, Division of Corporation Finance Office of Mergers & Acquisitions </TEXT> </DOCUMENT>