Osino Resources Corp (TSE:OSI) has released an update.
Osino Resources Corp is set to be acquired by Yintai Gold Co., Ltd in an all-cash deal valued at C$368 million, providing Osino shareholders with a significant premium of approximately 32% over a previous offer from Dundee Precious Metals Inc. This acquisition will give Yintai ownership of Osino’s gold assets in Namibia, including the Twin Hills Gold Project, with a promise of immediate cash infusion and leveraging Yintai’s strong financial position for further development.
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