Osino obtains Final Court Order approving Plan of Arrangement and Yintai obtains NDRC Approval
VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) — Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) (“Osino” or the “Company“) today announced that (i) it obtained on May 2, 2024 a final order from the Supreme Court of British Columbia approving the previously announced statutory plan of arrangement under Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co., Ltd (“Yintai“) 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“); and (ii) Yintai has obtained the approval of the National Development and Reform Commission of the People’s Republic of China.
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