Yintai Gold has obtained the final approval to acquire all of the outstanding common shares of Osino Resources Corp.
The parties signed a binding agreement on February 25, 2024, where Yintai Gold Co. would acquire all of Osino’s outstanding common shares for approximately C$368 million.
The agreement was subject to approval from the Canadian and Chinese regulatory authorities.
Osino announced on May 2, 2024, that it had obtained all the approvals, while Yintai Gold had to get approval from the State Administration of Foreign Exchange of the People’s Republic of China.
Osino says Yintai obtained the approval of the Ministry of Commerce of the People’s Republic of China and that the deal will be sealed on or about the end of H1 2024, subject to approval by the Namibian Competition Commission, which Osino continues to expect to receive in June.
