Brief: Yintai To Acquire Osino In An All-Cash Transaction For C$368 Million

Osino Resources

25/02/2024 22:20

Feb 25 (Reuters) - Osino Resources Corp  OSI.V :
    * YINTAI TO ACQUIRE OSINO IN AN ALL-CASH TRANSACTION FOR
C$368
MILLION
    * OSINO RESOURCES - ENTERED INTO BINDING TO ACQUIRE OSINO
FOR CASH
CONSIDERATION OF C$1.90 FOR EACH OSINO COMMON SHARE
    * AT CLOSING OF YINTAI ARRANGEMENT, OSINO'S PORTFOLIO WILL
CONSIST
ONLY OF GOLD RELATED ASSETS LOCATED IN NAMIBIA
    * OSINO RESOURCES- PRIOR TO ENTERING INTO YINTAI ARRANGEMENT
AGREEMENT, OSINO TERMINATED ITS ARRANGEMENT AGREEMENT WITH
DUNDEE PRECIOUS METALS INC.
    * OSINO RESOURCES -CASH INFUSION FOR CO OF $10 MILLION FOR
OPERATIONS , WORKING CAPITAL NEEDS & REIMBURSEMENT IN FULL FOR
TERMINATION FEE PAID TO DPM
    * OSINO RESOURCES - BOARD UNANIMOUSLY DETERMINED THAT
TRANSACTION
IS FAIR TO OSINO SHAREHOLDERS,APPROVED YINTAI ARRANGEMENT
AGREEMENT
    * OSINO BOARD AND SPECIAL COMMITTEE RECOMMEND THAT OSINO
SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION

Source text for Eikon:  ID:nGNX39F6Ks 
Further company coverage:  OSI.V 

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