Acquiring Company
Yintai Gold Ltd
Acquired Company
Osino Resources Corp.
VancouverVancouverMiningMineralMiningPrecious MetalsMineralDescription
Yintai Gold Co., Ltd and Osino Resources Corp. have entered into a binding arrangement agreement, pursuant to which Yintai will acquire all of the outstanding common shares of Osino by way of a plan of arrangement in an all-cash transaction for C$368 million. This acquisition will enable Yintai to add high-quality gold development assets to its portfolio and leverage the expertise and responsible mining approach of Osino to grow their activities in Namibia.
Quick answer
Yintai Gold Ltd is acquiring Osino Resources Corp. for $291.8 million, announced February 25, 2024. Yintai Gold Ltd is based in Vancouver, British Columbia, Canada.
- Who acquired Osino Resources Corp?
- Yintai Gold Ltd agreed to acquire Osino Resources Corp. on February 25, 2024.
- How much did Yintai Gold Ltd pay for Osino Resources Corp?
- The reported deal value is $291.8 million.
- What does Yintai Gold Ltd do?
- Yintai Gold Co., Ltd is a leading gold mining company with expertise in exploration, development, and production in China.
- Where are Yintai Gold Ltd and Osino Resources Corp. based?
- Yintai Gold Ltd is based in Vancouver, British Columbia, Canada. Osino Resources Corp. is based in Vancouver, British Columbia, Canada.
Source: Fundz verified event record.
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Frequently asked
Who acquired Osino Resources Corp.?
Osino Resources Corp. was acquired by Yintai Gold Ltd, based in Vancouver. The deal was reported on February 25, 2024. Yintai Gold Co., Ltd is a leading gold mining company with expertise in exploration, development, and production in China. The company is well-financed and has a highly credible track record in the gold mining industry. Yintai Gold Ltd is privately held and operates in Mining.
When did Yintai Gold Ltd acquire Osino Resources Corp.?
Yintai Gold Ltd's acquisition of Osino Resources Corp. was reported on February 25, 2024. Yintai Gold Co., Ltd and Osino Resources Corp. have entered into a binding arrangement agreement, pursuant to which Yintai will acquire all of the outstanding common shares of Osino by way of a plan of arrangement in an all-cash transaction for C$368 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Osino Resources Corp. do?
Osino Resources Corp. is a gold exploration company focusing on acquiring and exploring gold properties in Namibia. Its portfolio primarily consists of the Twin Hills Gold Project in central Namibia as well as exploration projects Ondundu and Eureka. It is privately held, operating in Mining, and is based in Vancouver.
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