Osino Resources says the Yintai Gold transaction is on track to close in the first half of 2024.
The transaction involves Yintai Gold’s acquisition of Osino Resources for N$5 billion (C$368 million), as announced on February 25, 2024.
The company has called for a special meeting on April 29, 2024, at which security holders will be asked to approve Yintai Gold’s acquisition of all of the outstanding common shares of Osino for a cash consideration of C$1.90 for each.
Osino Resources says it has received a favourable interim order from the Supreme Court of British Columbia regarding the Yintai transaction.
The company has filed an application with the Namibia Competition Commission seeking approval for the merger.
Yintai has notified the company that it has submitted filings with the National Development and Reform Commission of the People’s Republic of China and the Ministry of Commerce of the People’s Republic of China concerning the required Chinese regulatory approvals concerning the Arrangement.
