Osprey Gold Development Ltd. (TSXV:OS) announced a non-brokered private placement of up to of 7,500,000 units at a price of CAD 0.05 per unit and up to 5,000,000 flow-through units at a price of CAD 0.075 per flow-through unit for aggregate proceeds of up to CAD 750,000 on June 20, 2019. Each Unit will consist of one common share and one share purchase warrant, entitling the holder to purchase an additional common share at a price of CAD 0.075 per share for a period of 24 months from the date of issue. Each flow-through unit will consist of one common share and one share purchase warrant, entitling the holder to purchase an additional common share at a price of CAD 0.12 per share for a period of 18 months from the date of issue.

The company may pay finders' fees in cash and /or finders' warrants in the transaction. The company does not accept over-subscription. The securities are subject to a hold period of four months and one day from the date of issuance.

The closing of the transaction is subject to approval of the TSX Venture Exchange.