Osino and Shanjin (Formerly Yintai) Obtain Namibian Competition Approval and Confirm Closing Date in Connection With Shanjin Transaction
VANCOUVER, British Columbia, Aug. 16, 2024 (GLOBE NEWSWIRE) — Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or the “Company“) is pleased to announce that, in connection with the previously announced statutory plan of arrangement under Business Corporations Act (British Columbia), pursuant to which Shanjin International Gold Co., Ltd. (formerly known as Yintai Gold Co., Ltd.) (“Shanjin“) will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share (the “Arrangement“), all as more particularly described in Osino’s management proxy circular dated March 25, 2024 (the “Circular“), Osino and Shanjin have obtained the approval of the Namibian Competition Commission (“NCC“).