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Gold|PROJECT|Resources
Gold|PROJECT|Resources
gold|project|resources

Namibian Competition Commission approves Shanjin’s buyout of Osino

19th August 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

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TSX-listed Osino Resources says the Namibian Competition Commission (NCC) has approved Shanjin International Gold’s buyout of Osino for a cash consideration of C$1.90 a share.

The NCC’s approval was the final outstanding approval to conclude the buyout and the acquisition is now set to conclude on or before August 29.

Shanjin in February announced its C$368-million all-cash offer for Osino.

Osino expects the transaction to fast-track the development of its wholly owned Twin Hills gold project, in Namibia.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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