Junior Miner Rips Following Major Announcement

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, February 20, 2024

A dually-listed junior miner turned heads on Tuesday just one session after it was announced it had received a proposal from a foreign-based mining company for the acquisition of all of the issued and outstanding common shares of the Company and all of the issued and outstanding securities convertible into common shares for cash consideration of C$1.90 for each common share by way of a plan of arrangement, according to the Monday afternoon release.

Traders were quick to buy up shares of Osino Resources Corp. (TSXV:OSI) (OTCQX:OSIIF), which shares trading on the Canadian side of things reaching $1.77/share (+27.34%) at the current session high. Shares trading OTC are currently at $1.28/share (+23.58%) at the time of writing.

Osino is a Canadian gold exploration and development company focused on the fast-tracked development of our wholly owned, Twin Hills Gold Project in central Namibia. Since its grassroots discovery by Osino in August 2019 the Company has completed more than 250,000m of drilling and has completed a suite of specialist technical studies culminating in the recently published Twin Hills Definitive Feasibility Study (" DFS ") dated effective June 12, 2023. The DFS describes a technically simple and economically robust open-pit gold operation with a 13-year mine life and average annual gold production of over 169,000oz per annum.

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