Paul, Weiss advised the underwriters in North American gold development company Osisko Development Corp.’s public offering of 40.6 million common shares, representing gross proceeds to Osisko of $144 million. The transaction involved a syndicate of underwriters led by National Bank Financial Inc., RBC Dominion Securities Inc. and Cantor Fitzgerald Canada Corporation. Montreal-based Osisko is focused on past-producing mining camps that could become productive again on a regional scale and are located in mining-friendly jurisdictions.

The Paul, Weiss team included corporate partner Christopher Cummings; tax partner Matthew Jordan; and environmental counsel William O’Brien.