Shanjin International Gold Co. Ltd

29 Aug

Osino to delist from NSX

ObserverObserver MoneyNamibian Competition Commission, Shanjin International Gold Co. Ltd

CHAMWE KAIRA Osino Resources has announced that it will delist from the Namibia Stock Exchange. The company told shareholders that further to the transaction finalization notice distributed to shareholders on 19 August, notice was being given hereby given that the trading of the Osino Resources Corp shares will be suspended on 26 August 2024 and delisted from the Namibian Stock Exchange on 30 August. Osino has already announced that Shanjin International Gold Co., Ltd. (formerly known as Yintai Gold Co., Ltd will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share.…

Shanjin International Gold to Acquire Osino Resources for N$4.8 Billion

ObserverObserver MoneyShanjin International Gold Co. Ltd

Martin Endjala Osino Resources has announced that Shanjin International Gold Co. Ltd. (formerly Yintai Gold) will acquire all outstanding common shares of Osino for C$1.90 per share (N$24.77), totalling C$368 million (N$4.8 Billion) The Canadian mining company made the announcement last week. Heye Daun, President and CEO of Osino, confirmed that both Osino and Shanjin have secured approval from the Namibia Competition Commission (NaCC) for the transaction. “The approval of the NaCC was the final outstanding approval to conclude the arrangement,” he said. The closing of the arrangement is set to occur on or before 29 August. The payment of…