Osino Announces Closing of Bridge Private Placement of Common Shares

VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) — Osino Resources Corp. (TSXV:OSI) (NSX:OSN) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or the “Company“) is pleased to announce that it has completed the initial tranche of its previously announced non-brokered private placement (the “Offering“) of common shares of the Company (the “Common Shares“) to Dundee Precious Metals Inc. (“DPM“). The Company issued 4,424,779 Common Shares to DPM at a price of C$1.13 per Common Share for aggregate gross proceeds to the Company of C$5,000,000.27. The initial tranche of the Offering was completed in connection with the arrangement agreement dated December 17, 2023 between Osino and DPM (the “Arrangement Agreement“), whereby DPM will acquire all of the issued and outstanding common shares of Osino pursuant to a court-approved plan of arrangement. After giving effect to the initial tranche of the Offering, DPM holds an aggregate of 8,235,379 Common Shares, representing approximately 4.9% of the Common Shares issued and outstanding on the date hereof, on a non-diluted basis.

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