Gold miner Osisko falls on $125 mln stock deal

U.S.-listed shares of Canada's Osisko Development ODV.N down 6.5% early Tues to $3.60 after $125 mln equity raise

Montreal-based gold producer late Mon announced bought deal public offering of ~35.3 mln shares at $3.54, an 8.1% discount to last sale

Co intends to use net offering proceeds to fund infill conversion drilling and at depth exploration at the Cariboo Gold Project in Canada's British Columbia province, and for general working capital purposes

National Bank Capital Markets, RBC and Cantor Fitzgerald joint bookrunners

Co has ~255.1 mln shares outstanding

Even with the decline on Tues, U.S.-listed shares up about 140% over the past year

Spot gold price XAU= climbed on Tues, hovering just shy of the $5,100/ounce mark surpassed for the first time on Mon GOL/