Osino Resources Close to Finalizing Yintai Acquisition

Osino Resources (TSE:OSI) has released an update.

Osino Resources is nearing the completion of its acquisition by Yintai Gold Co., with all conditions met except for the pending approval from the Namibian Competition Commission (NCC). The deal, which entails Yintai purchasing Osino shares for C$1.90 each, is expected to be finalized by early August or September 2024, following the NCC’s review process which has been extended to July 30, 2024. Despite a delay in the NCC’s June meeting, Osino’s CEO remains confident that the transaction will adhere to the prescribed timeframe.

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