Osino Grants Deferred Share Units

Osino Grants Deferred Share Units

 

Osino Resources Corp. ( TSXV:OSI ) ( FSE:RSR1 ) ( OTCQX:OSIIF ) (" Osino " or " the Company ") announces that it has approved the grant of 22,348 DSUs having an aggregate value of $40,000 to independent directors of the Company pursuant to the Company's Omnibus Long-Term Incentive Plan, which was approved by the Company's shareholders at its last shareholder meeting.

 

  About Osino Resources Corp.  

 

Osino is a Canadian gold exploration and development company focused on the fast-tracked development of our wholly owned, Twin Hills Gold Project in central Namibia. Since its grassroots discovery by Osino in August 2019 the Company has completed more than 250,000m of drilling and has completed a suite of specialist technical studies culminating in the recently published Twin Hills Definitive Feasibility Study (" DFS ") dated effective June 12, 2023. The DFS describes a technically simple and economically robust open-pit gold operation with a 13-year mine life and average annual gold production of over 169,000oz per annum.

 

Osino has a commanding ground position of over 8,000km 2 located within Namibia's prospective Damara sedimentary mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines. The Company is actively exploring a range of gold prospects and targets along the belt by utilizing a portfolio approach geared towards discovery, targeting gold mineralization that fits the broad orogenic gold model.

 

Our projects are favourably located in central and northern Namibia and are within easy reach from Namibia's capital city, Windhoek. By virtue of its location, the Twin Hills project benefits significantly from Namibia's well-established infrastructure with paved highways, railway, power and water in close proximity. Namibia is mining-friendly and lauded as one of the continent's most politically and socially stable jurisdictions.

 

  On Behalf of Osino's Board of Directors  
Heye Daun, President and CEO

 

  Contact Information  
Osino Resources Corp.
Yaron Conforti
+1-604-687-2038
yconforti@osinoresources.com  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 

  Forward-Looking Information  
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation,   statements and information with respect to statements regarding the plans, intentions, beliefs and current expectations of Yintai and Osino with respect to future business activities and operating performance; the timing of mailing of the management information circular of Osino, the timing of the special meeting of securityholders and the timing of the completion of the transactions contemplated by the Yintai Arrangement Agreement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although Osino has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in Osino's most recent annual management's discussion and analysis which is available on Osino's profile on SEDAR+ at www.sedarplus.com. Osino does not undertake to update any forward-looking information, except in accordance with applicable securities laws.  

 

 

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

OSI:CA
The Conversation (0)
Yintai obtains third and final PRC Approval

Yintai obtains third and final PRC Approval

 

Osino Resources Corp. ( TSX:OSI.V ) ( NSX:OSN ) ( FSE:RSR1 ) (" Osino " or the " Company ") today announced that, in connection with the previously announced statutory plan of arrangement under Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co., Ltd (" Yintai ") will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share (the " Arrangement "), all as more particularly described in Osino's management proxy circular dated March 25, 2024 (the " Circular "), Yintai has obtained the approval of the State Administration of Foreign Exchange of the People's Republic of China (the " SAFE Approval ") on May 28, 2024.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Osino obtains Final Court Order approving Plan of Arrangement and Yintai obtains NDRC Approval

Osino obtains Final Court Order approving Plan of Arrangement and Yintai obtains NDRC Approval

 

Osino Resources Corp. ( TSX:OSI.V ) ( NSX:OSN ) ( FSE:RSR1 ) (" Osino " or the " Company ") today announced that (i) it obtained on May 2, 2024 a final order from the Supreme Court of British Columbia approving the previously announced statutory plan of arrangement under Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co., Ltd (" Yintai ") will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share (the " Arrangement "), all as more particularly described in Osino's management proxy circular dated March 25, 2024 (the " Circular "); and (ii) Yintai has obtained the approval of the National Development and Reform Commission of the People's Republic of China.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Osino Shareholders Approve Arrangement With Yintai

Osino Shareholders Approve Arrangement With Yintai

 

Osino Resources Corp. ( TSX:OSI.V ) ( NSX:OSN ) ( FSE:RSR1 ) (" Osino " or the " Company ") today announced that, at the Company's special meeting (the " Meeting ") of securityholders (the " Securityholders ") held earlier today, an overwhelming majority of Securityholders voted in favour of the resolution (the " Arrangement Resolution ") authorizing the previously announced statutory arrangement under Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co., Ltd (" Yintai ") will acquire all of the outstanding common shares of Osino (the " Osino Shares ") for cash consideration of C$1.90 for each Osino Share (the " Arrangement "), all as more particularly described in Osino's management proxy circular dated March 25, 2024 (the " Circular ").

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Magnifying glass over Newmont's website with financial charts in the background.

Newmont Uses Drones, Remote Equipment to Reach Trapped Miners in Red Chris Mine

Newmont (TSX:NGT,NYSE:NEM) has deployed drones and a remote-controlled scoop to help rescue three workers trapped underground since Tuesday (July 22) at its Red Chris gold mine in BC.

The incident occurred during work on a non-producing section of the mine’s underground development project.

According to the company, the three contract employees were initially located more than 500 meters beyond the site of the first collapse. They were directed to relocate to a designated refuge chamber before a second fall of ground sealed off the access way and disrupted communication.

Keep reading...Show less
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold's Key Driver Now, Catalyst for Next Leg Higher

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, explains that market risk and uncertainty are driving gold, with H1 2025 seeing multiple record highs.

"Think strategically when you think about gold, and keep that allocation in mind," he said.

Keep reading...Show less
Falco Resources President and CEO Luc Lessard.

Falco Resources Eyes Governmental Decree for Horne 5 Gold Project Before Year End

Falco Resources (TSXV:FPC) has entered the final stages of the environmental authorization process for its flagship Horne 5 gold project in Quebec, with a government decision expected by late 2025.

“(An environmental analysis) report should be submitted to the minister in the next few months, and the final decision has to be done by decree,” said Luc Lessard, president and CEO of Falco Resources, in an interview with Investingnews.com. The company is hoping the decision will come sometime late in 2025, Lessard added.

Keep reading...Show less

Latest Press Releases

Related News

×