【Yintai Gold to Acquire Canadian Gold Exploration Company Osino for CA

Published: Feb 26, 2024 10:34

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【Yintai Gold to Acquire Canadian Gold Exploration Company Osino for CAD 368 Million】On February 25th, local time, Canadian gold exploration company Osino Resources Corp. announced that Chinese mining company Yintai Gold has agreed to acquire Osino for CAD 1.90 per share in cash, with a total consideration of approximately CAD 368 million (approximately USD 273 million). The statement said that this transaction represents a premium of approximately 32% over the previous offer from Dundee Precious Metals Inc. The transaction is expected to be completed in the first half of this year, subject to approval from shareholders and regulatory authorities. After the completion of the transaction, Osino's portfolio will only include gold-related assets in Namibia, primarily the Twin Hills gold project in central Namibia.

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