Osino Resources, Shanjin announce closing of transaction

Osino Resources announced the successful completion of the previously announced acquisition by Shanjin International Gold, of all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share pursuant to a statutory plan of arrangement under Business Corporations Act. Shanjin intends to cause Osino to delist the Osino Shares from the TSX Venture Exchange, to submit an application for it to cease to be a reporting issuer, and to otherwise terminate its public company reporting requirements as soon as possible.