Osino

Osino Resources has announced that it has completed the initial tranche of its previously announced non-brokered private placement of common shares of the company to Dundee Precious Metals Inc. The company issued 4,424,779 Common Shares to DPM at a price of C$1.13 per common share for aggregate gross proceeds to the company of C$5,000,000.27. The initial tranche of the offering was completed in connection with the arrangement agreement dated 17 December, between Osino and DPM whereby DPM will acquireall of the issued and outstanding common shares of Osino pursuant to a court-approved plan of arrangement. After giving effect to the…