Osino Resources Corp (TSE:OSI) has released an update.
Osino Resources Corp. shareholders have overwhelmingly approved a buyout arrangement with Yintai Gold Co., Ltd, with 99.91% support, where Yintai will purchase Osino’s outstanding common shares for C$1.90 each. The completion of the deal is pending regulatory and Supreme Court of British Columbia approvals, anticipated by the end of H1 2024. This strategic move is a significant step for Osino, as highlighted by President and CEO Heye Daun, and follows Yintai’s receipt of necessary approvals from Chinese authorities.
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