Osisko Development (“ODV”) has announced the completion of its sale of the San Antonio Gold Project in Mexico to Axo Copper Corp (“Axo”) alongside the launch of a US$125m bought deal equity financing to advance reserve conversion drilling at the Company’s flagship Cariboo gold project in British Columbia. The San Antonio transaction monetises a non-core asset into a 9.99% equity stake in Axo, with up to US$4m in milestone payments linked to feasibility study completion and first gold pour. This ....
