Mr. Heye Daun reports
OSINO ANNOUNCES EXTENSION OF WARRANTS
Osino Resources Corp. has amended terms of its indenture dated Oct. 28, 2021, for common share purchase warrants exercisable at $1.35, extending the expiry date by nine months from the original expiry date of Sept. 1, 2023, to the new expiry date of June 1, 2024, subject to approval of the exchange. There are no other changes or amendments to the warrants.
In addition, the company also announces that in connection with the company's previously announced Nebari credit facility, the company has issued 887,964 common share purchase warrants to Nebari Gold Fund 1 LP and 295,988 credit warrants to Nebari Natural Resources AIV I LP, totalling 1,183,952 credit warrants exercisable at a price of $1.13 (U.S.) per common share (U.S. equivalent of $1.50 per common share) for a period of 24 months from the date of issuance, subject to the policies of the exchange.
About Osino Resources Corp.
Osino is a Canadian gold exploration and development company focused on the fast-tracked development of its wholly owned Twin Hills gold project in central Namibia. Since its grassroots discovery by Osino in August, 2019, the company has completed more than 225,000 metres 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 169,000 ounces per annum.
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