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Osino Resources Corp. Brief: Yintai Buying Osino in an All-Cash Transaction for C$368 Million; Comes After Osino Terminated Its Arrangement Agreement With Dundee Precious Metals Inc
Shandong Gold (01787.HK): Yintai Gold plans to acquire Osino Resources Corp. shares for 368 million Canadian dollars
Gelonghui, Feb. 26: Shandong Gold (01787.HK) announced that the holding subsidiary of the company, Yintai Gold Co., Ltd. (“Yintai Gold”), intends to acquire all of its issued and circulating common shares and shares to be diluted in cash at a price of 1.90 Canadian dollars per share (hereinafter referred to as the “buyer”) through a wholly-owned subsidiary of Hainan Shengwei Trading Co., Ltd. (hereinafter referred to as “Osino” or “target company”). The transaction amount for this acquisition was approximately $368 million. After the acquisition was completed
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