Chamwe Kaira
Osino Resources, the Canadian gold exploration and development company that is focused on developing its wholly owned, Twin Hills Gold Project in central Namibia recently dual listed on the Namibian Stock Exchange.
The company views Namibia is a good investment destination and has stated that its core projects are favourably located north and north-west of Windhoek and that by virtue of their location, the projects benefit significantly from Namibia’s well-established infrastructure with paved highways, railway, power and water in close proximity.
Osino has further said Namibia is mining-friendly and lauded as one of the continent’s most politically and socially stable jurisdictions and that it will continue to evaluate new ground with a view to expanding its Namibian portfolio.
Heye Daun, President and CEO talks to Observer Money about the objectives of the dual listing on the NSX.
Daun is a Namibian-born mining engineer and has 28 years of varied experience in mining and finance. After 10 years in uranium and gold mining in Namibia and West Africa with Rio Tinto, AngloGold and Goldfields, Heye spent the next three years in mining project finance and fund management with Nedbank Capital and Old Mutual Investment Group in South Africa. Since 2009 he has become a public markets mining entrepreneur.
Observer Money (OM): Osino Resources dual listed on the NSX recently, do you think Namibian investors will buy shares in your company?
Heye Daun (HD): Our NSX listing was partly a response to Namibian investor demand. The recent release of our Definitive Feasibility Study for the Twin Hills Gold Project is a significant de-risking event for our company and our project, resulting in increased demand for local trading of our shares from Namibian retail and institutional investors.
OM: Why did you not float shares on the NSX rather than dual list?
(HD): Osino first listed its shares in Canada on the Toronto Stock Exchange in 2018, due to the limited exploration and risk capital available on the NSX.
OM: What has been the interest so far from Namibian investors?
HD: We have welcomed significant interest from Namibian investors who are keen to participate in the benefits from Namibia’s next gold mine.
OM: Do you intend to raise money from Namibian institutional investors like pension funds?
HD: Certainly. The NXS listing will serve both retail and institutional investors, providing both with direct and simple access to purchasing our shares.
OM: Is there anything else that you wish to add?
HD: I would like to remind that while Osino remains focused on fast tracking its flagship Twin Hills Gold Project to production, Osino shareholders will continue to benefit from the company’s ongoing exploration projects. Osino is dedicated to advancing its current exploration projects in Namibia and building on the success of the discovery at Twin Hills. Note that on 8 August 2023, our company announced another significant gold discovery at Eureka.
