Dundee Precious rises after no revision in bid for Osino Resources

Osino Resources

20/02/2024 16:40

** Shares of Canadian miner Dundee Precious Metals  DPM.TO 
gain 7.7% to C$8.80
    ** Co to not submit revised bid for Osino Resources  OSI.V 
in response to offer from a foreign miner to buy Osino
    ** Firm had in December last year announced C$287 mln
($212.40 mln) cash-and-stock deal to acquire Osino
    ** As per terms of the deal, DPM to receive C$10 mln from
Osino upon termination of the transaction
    ** Shares of OSI up 24.4% at C$1.70
    ** DPM stock has fallen 4.6% so far this year, OSI stock has
risen 23.5%

($1 = 1.3512 Canadian dollars)

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com;))